167 Beechworth Road, WODONGA VIC 3690
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- 24 Oct 2016
An excellent opportunity to secure a landmark freehold commercial building in the heart of central Wodonga's thriving retail precinct.
Gundowring house on the corner of Beechworth Road and Lawrence Street is one of Wodonga's finest landmark buildings, steeped in history, and originally built in 1952 this double brick, double storey building offers an excellent opportunity to the savvy investor. The building is situated on a 750 m2 approximate block and houses six individual office suites. On the top level there is also a decked undercover entertaining area and front balcony which overlooks the water tower. The property offers 10 allocated car parks as well as a high profile presence with Beechworth Road frontage.
Commercial 1 zoning with all services connected.
The current rental returns are as follows:
SUITE ONE - $688.50 per month incl GST.
SUITE TWO - $682.00 per month inc GST – Lease in place till July 2019.
SUITE THREE - $ 985.71 per month inc GST – Lease in place till March 2018.
SUITE FOUR - $ 1025.71 per month inc GST – Lease in place till June 2019.
SUITE FIVE - $ 750.00 per month [ No GST ]
SUITE SIX - $ 866.00 per month inc GST.
TOTAL GROSS INCOME of - $ 59,976 including GST [ approximate ]
The Council rates are approximately $6,000 per annum plus water rates of approximately $700.00 per annum.
An excellent solid investment opportunity on offer here, call Terry Hill on 0412 793 331 for further information.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
167 Beechworth Road WODONGA