For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Contact the sales agent immediately to become qualified and avoid disappointment. Open to all buyers, subject to seller approval.
Ideally located for maximum exposure, this established takeaway shop with attached 1 bedroom apartment presents an excellent investment opportunity in a high traffic industrial and commercial location. Leased to long term tenants, the property commands a prominent and easily accessible position near the main intersection of Canal Road and Burrows Road South.
Highlights:
- Fully leased takeaway shop with 3 storage areas and WC
- Fully self contained 1 bedroom flat above
- Total annual income $46,280 pa gross
- 3 x car spaces in total
- Just minutes to Sydney Airport
The first floor apartment features an open plan living, dining and kitchen with separate bedroom and ensuite. It comes equipped with a separate storage cage and one car space.
Outgoings
- Water Rates $471.57 pq
- Council Rates $161 pq
- Strata Levies $544.50 pq
Lease terms
Shop
- 5 years commencing 10 February 2017
- Expires 9 February 2022 with 5 year option
- Rent $33,800 pa plus usage charges
Usage charges include
50% Water sewerage and drainage
100% Trade Waste
50% Water usage
Grease arrestor maintenance & cleaning 100%
Flat
- Expired Lease
- Rent $12,480 pa
An excellent investment opportunity for the first time investor or the perfect addition to your portfolio.
We are proud to offer this property in conjunction with
Sarah Panosian
Pierge Property
0413 248 879
sarah@pierge.com.au
Inspect Wednesdays 1 - 1.30pm
Property Code: 40
