Zoned Mixed Use, the property is located on a total block size of approximately 1,189 square metres with 23.7 metres of frontage to Wagga Road. Currently comprising a total floor area of approximately 550 square metre, housing four commercial tenancies, which include:
Shops 1&2: Leased to McLovin's Pizza.
- Current rent: $22,383.72 per annum (paying $1,865.31 per calendar month).
- Lease term: 1 year (20th June 2022 to 19th June 2023)
- Option: 1 x 1 year.
- Outgoings: 42% share (excluding council rates and building insurance to 19th December 2022).
Shop 3: Leased to Mixx Nutrition Studio.
- Current rent: $16,000 per annum (paying $1,333.33 per calendar month).
- Lease term: 3 years (1st August 2021 to 31st July 2024).
- Option: 1 x 3 years.
- Outgoings: 33% share.
Shed 4: Leased to Southern Ag Constructions.
- Current rent: $10,861.08 per annum (paying $905.09 per calendar month).
- Lease Term: 1 year (1st December 2021 to 30th November 2022).
- Option: 1 x 1 year.
- Outgoings: 20% share.
Shed 5: Leased to MRN Rigging and Construction Pty Ltd.
- Current rent: $5,700.60 per annum (paying $475.05 per calendar month).
- Lease Term: 1 year (1st December 2021 to 30th November 2022).
- Option: 1 x 1 year.
- Outgoings: 5% share.
Total rent: $54,945.40 per annum plus outgoings
* Current owner not registered to collect GST
Outgoings:
Council Rates: $5,965.53 per annum (levied 2021/2022)
Water Rates: $852.45 per annum plus consumption plus trade waste charges
Landlord's Building Insurance: $3,529 per annum
Landlord's Land Tax: $201.10 (2022 Tax Year)
Contract of sale available on request.
For more information or an inspection of the property, please contact Kate Stevens on 0438 254 334 or email kate.stevens@prdalbury.com.au
