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Sold on 3 Jul 2018

62 John Street Camden NSW 2570

  • Retail
  • 220 m²
  • Sold

** SOLD BY INGLIS COMMERCIAL **

Located in Exclusive John Street, in the very heart of Camden's thriving Commercial & Retail core, this rare offering boasts a highly exposed & prime corner position with 2 separate buildings on the one title and ample on and off street parking, directly adjacent to the council car park wrapping around the side and rear of the property.

Not only does the property offer one of the best positions you can get, it also has one of the best & quietest tenants you can get on a brand new 5 yr x 5 yr x 5yr lease with the property having the same use for a number of years with the difficult to obtain use approval already in place.

Front premises info:
This consists of a tastefully updated commercial cottage building with 150sqm approx of lettable area with high ceilings, ornate cornices & skirtings, and predominantly double brick construction with 5-6 large rooms & reception. The current rental is $65,000 net + Outgoings (paid by tenant) + GST.

The tenant William R. Groves is a subsidiary of ASX listed Propel Funeral Partners ($300m market cap) which is the second largest private provider of death care services in Australia and New Zealand with over 100 locations.

Lease info:

Rear Building: 70sqm
This comprises a brand new stylish premises fitted out with data, phone, flooring, own amenities, allocated car parking & excellent natural light.
Recently completed, this space offers the opportunity to either invest or occupy.
For investors: If you wish to rent it out to complete a fully leased investment package of $100,000 + outgoings + GST spread over 2 separate properties then the vendor will offer up to a 12 month rent guarantee* to ensure that you have the property leased at the applicable market rent of $35,000 + outgoings (paid by tenant) + GST.

For owner occupiers looking to have a prime office and investment in one property then you can occupy the rear premises and expand to the front premises in the future if the tenant leaves or if not, you occupy the rear and enjoy the set and forget tenant at the front.

Whichever way you look at this one, it's a special proposition & deserves a closer look given the standout attributes of financial security, unbeatable position & located in the fastest growing region in the whole state.

Expressions of interests close 28th June 2018 unless sold prior.

For further information or to arrange an inspection, contact Exclusive Agents Anthony Rees 0400 480 088 and Colin Pike 0499 121 131.

Property Highlights

Property ID2014418281
Date Sold3 Jul 2018
Floor Area220 m²
Land Area487 m²
ParkingAsk Agent
Category
Last updated  11 Oct 2018
Map for 62 John Street Camden NSW 2570
Inglis Property Macarthur
42 Argyle Street Camden NSW 2570

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