19 Boston Street Port Lincoln SA 5606
- Showrooms / Bulky Goods
- 550 m²
- For Sale, $600,000 - $635,000
A Unique Hybrid CBD Investment Opportunity!
• $42,576.95 per annum gross income*
• 20x Storage Units
• 3 Bedroom, 2 Bathroom Home
• 1,254m2 of level CBD land positioned for growth
A unique hybrid investment opportunity in Port Lincoln's CBD featuring both a residential home and 20x storage units on 1254m2 with a gross return of $42,576.95 per annum gross*.
17 out of the 20 storage units are currently leased out at $35 per week with 2 of the remaining used by owners and the remaining 1 shed vacant. With the sheds being located in the CBD of Port Lincoln, they are a popular storage option, returning $28,016.95 gross* for financial year 18/19 - you have a great investment opportunity on your hand - and that's without the residential home rental returns!
The shed is 12 x 30 meters and is what encompasses the 20 storage units, each measure 3 x 6 metres with cement flooring, lighting and 2.6 metre roller door clearance, however the internal walls are easily removed and adjusted to provide a flexible overall floor plan.
The home which is a beautiful three-bedroom, two-bathroom with open plan living/dining is currently tenanted at $280 per week until 28th of Jan 2020 ($14,560 per annum gross*). Being so close to the city (literally inside the CBD), single story with two bathrooms, properties like this are in rental demand and would be easy to keep tenanted. Within only minutes walk to Lincoln Primary School, Junior Primary School, High School and St Joseph's School, your families school needs are sorted. On the other hand, the home would be perfect for an older single or couple to move into and utilise the storage sheds as an income provider.
While interest rates are so low and having your money in the bank showing very minimal returns in the realms of 1-2%pa*, now is the time to invest in a higher return CBD property (6.7%pa gross*) to make your money work for you!
For more information, contact Shane Merchant of Kemp Real Estate on 0429 778 698
|Floor Area||550 m²|
|Land Area||1,254 m²|
|Annual Return||Ask Agent|
|Last updated||30 Sep 2019|
- Commercial loan calculator
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.