Situated in the heart of Drummoyne Shopping Centre this shop & residence offers great exposure to Victoria Road. Only 7kms to the CBD with excellent bus services to the City, Burwood & Ryde.
The ground floor shop is 90m2 (approx) with carpets, partitioned offices, ducted air conditioning and own amenities.
1st floor is a 2 bedroom residence is 76m2 (approx) with combined lounge and dining opening to verandah. Large bathroom & kitchen with bridge views.
Offered with vacant possession for owner occupier or if you are an investor the present tenant of the shop will sign a new 5 year lease at $25,000 per annum plus 50% of council rates, water rates and land tax. The 2 bedroom residence has a potential rental of $20,000 per annum (approx).
AREA 177m (approx)
COUNCIL RATES:$ 2,275 Per Ann (approx)
WATER RATES: $ 640 Per Ann (approx) usage
LAND TAX: $ 1,284 for 2010
LAND VALUE: $ 450,000
Great opportunity to secure a commercial property in the Inner West.
