* LJ Hooker are pleased to present 170 Hardgrave Road, West End to the market. For sale for the first time in 24 years.
* 507sqm approx total building area occupied by two retail shops and 1 residential tenancy.
* Rare opportunity to secure 100% leased freehold site in West End.
* 346sqm. Ground floor Retail. 100% leased by Lefkas Tavern. Gross rental: $136,000 + GST. Leased until 31/03/2023. 2 x 5 Year Options.
* 89sqm. Ground floor Retail. 100% leased by Patcharin Thai. Gross Rental: $41,000 + GST. Leased until 27/08/2023. 1 x 5 Year Option.
* Both retail tenancies pay for all services they consume and split the water bill 70/30
* 72sqm Upstairs Residential. 100% Leased at $300 per week. 2 Bedroom, 1 Bathroom.
* Total Gross Income: $192,600 + GST
* Outgoings: Rates & Building Insurance: $17,938 (excludes land tax).
* Net Income: $174,662 + GST (excludes land tax).
* Easement provides rear access to the land from Loch Street. 183m² rear parking/loading dock area.
* Grease trap, exhaust, gas etc onsite.
* Contact Manoli Nicolas on 0400 082 170 for further details and inspection today.
BUILDING AREA: 507 sqm
LAND AREA: 640 sqm
