Situated at the busy end of Commercial Road in Port Augusta's main street this property offers a fully refurbished one bedroom apartment on the upper level and on the lower level a fully fitted out commercial premises. The fit out in the apartment and commercial premises has been done to an extremely high standard and is a credit to the current owner. This is definitely a property the new owner will be very proud to add to their investment portfolio.
Located with-in walking distance to both the Big W & Woolworths shopping centres as well as the Coles shopping centre your business will have access to all of the customer traffic which is generated by these large major retail chain stores. The perfect location for a long term blue chip investment.
What we love about the apartment;
Completely renovated in 2016
New kitchen with stone bench tops and mirror splash backs
New modern ensuite
Fitted with 3KW solar system
Timber decking outdoor area
Apartment has all new plumbing and electrical
Samsung ducted reverse cycle air conditioning
Currently generating a secure rental income
What we love about the commercial premises;
Major extensive renovation and fit out has been completed
Original stone wall exposed which are ballast from the ships
New shop front installed
Original timber ceiling - Baltic pine boards have now been used as a wall feature
Polished concrete floors
Jarrah bench tops
Impressive wall mural with image from 1884 will be a point of interest to your customers
Commercial kitchen , commercial dishwasher, glass front fridge & freezer, commercial first aid kit with fire blankets all included
Two new toilets with one being disabled compliant
New 1500 litre grease arrestor
With such an impressive list of inclusions it will be very easy for the buyer to see that the asking price is well below the cost of the renovation and fit out expense. The inclusions list is extensive and must be seen to appreciate the true value of this amazing opportunity.
The apartment is currently leased for $350 per week & with the shop lease represents an approximate return of over 8.5%
For further details and to arrange a time to view the property contact Craig Costello of Harris Real Estate on 0448 212 066 or by email; I am excited to have the privilege to offer this amazing investment to the market.
Specifications:
CT / 5278/575
Council / City of Port Augusta
Zoning / DCE
Land / 148.0m2
Frontage / 4.93m
Council Rates / $3144pa
SA Water / $307.40pq
ES Levy / $114.82pa
Insurance / $1693.32pa
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409
