187 Kelly Street Scone NSW 2337

Shop & Retail
1,000 m²
Sold

Premium investment with new 5 year lease to National Tenant

Net passing income $103,225pa (plus GST)
New 5 year lease with two 5 year options
Building area - 1,000sqm*

UNDER CONTRACT

- The fully leased single storey Torrens title building is occupied by The Reject Shop Limited on a new 5 year lease expiring in October 2026, with a further two 5 year options.

- The property has a total building area of 1,000sqm*, which comprises a retail area, two small offices, stock room, amenities and private loading dock. The property is ideally situated in the heart of the Scone town centre, on a 884.6sqm* site with a flexible B2 Local Centre zoning.

- Current net income of $103,225* net per annum (plus GST) with fixed 3% annual rental increases.

For Sale via Public Auction Thursday 09 December 2021 at 10.30am.
Auction Venue: Ground Floor, 18 Honeysuckle Drive, Newcastle NSW 2300

*Approximate.