UNDER OFFER!
Tsimos Commercial is pleased to offer this exceptional retail investment opportunity leased to Bottle shop plus Three (3) residential apartments.
Hedge your bets with this fantastic Commercial and Residential Investment!
Location:-
Located near the corner of Nepean Hwy and Warrigal Road's Mentone this property offers excellent exposure.
Surrounded by well established retailers such as Woolworths, Bunnings, Autobarn, Spotlight, as well as a number of major motor car brands.
The property is surrounded by a number of well established cafe's, restaurants and is in a rapidly developing residential area.
The Property:-
Leased to Four (4) Separate tenancies
The shop:-
Retail Shop is leased as a Bottle Shop
Lease term - Three (3) Years
Further term - Three (3) + Three (3) + Three (3) years
Current net rent - $20,000 pa Gross plus gst
Retail area - 55 Sqm*
The residences:-
Three (3) Residential tenancies
All on residential leases
One x two (2) bedroom apartment, One x one (1) bedroom apartment and a studio apartment
Total Income from the apartments is $43,284 pa
Building area 165 Sqm*
Land Area 223 Sqm*
Total income - $63,284 pa
Rear access & Parking
