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8 Barton Street Cobar NSW 2835

  • Shop & Retail
  • 670 m²
  • For Sale, $450,000 No GST

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.

Property Highlights

Property ID2016010672
Floor AreaAsk Agent
Land Area670 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  16 Apr 2020
Map for 8 Barton Street Cobar NSW 2835
Map for 8 Barton Street Cobar NSW 28358 Barton Street Cobar NSW 2835
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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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Landmark Russell
37 Linsley Street Cobar NSW 2835

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