Outstanding Investment Opportunity - approximately 9% return
Located in the commercial hub of Cobar and once formally known as the Rural Bank, has since been developed into a high yielding business opportunity offering 2 separate tenancies. Gross rent $44,250 p/a (Exc. GST). Sold as going concern. The ground floor is leased to a long standing stationery business servicing the local community and large mining sector. Comprising of a large open floor area with disabled access, 3 office spaces, vault room, kitchenette, rear delivery area and reverse cycle ducted air conditioning. Located upstairs is a spacious 5 bedroom residence with a modern kitchen and bathroom and separate undercover parking and reverse cycle ducted air conditioning.
8 Barton StreetTenant: Stationery Essentials Current lease agreement 5 years, commenced 2019 Rent: $26,000 p/a (Exc. GST)
8A Barton Street Tenanted 5 bedroom residence Current lease agreement six months, commenced March 2020 Rent: $18,250 p/a (Exc. GST)
Cobar is a long established centre for mining and a vibrant western town located on the crossroads of two major highways.
Fast facts: ZoningB2 Local Centre Site area670m2 Retail area495m2 Residence253m2 Lettable space748m2
Information memorandum with full tenancy details available upon request.
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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