Lucrative Commercial Investment - Returning 6% Net
1064.9 square meter level block
Main Road Frontage
Room for expansion
Fully tenanted
712 square meter brick construction building
Can be divided into four rentable units
Asking $640,000 for the building.
Plus a further 889 square meter adjoining block is also available.
The block is priced at $250, 000 plus GST , Vendor will sell as a whole or individually.
1953.9 square metres in total Includes the adjoining vacant block
The property is centrally located on one of the busiest arteries into Cowra.
More commonly known as the Canowindra Road, 80 Redfern Street boasts a large level block,
The central location, strong exposure to passing traffic & solid construction.
A further 889 square meter adjoining blocks makes for more future development.
This is a great opportunity to develop a fantastic commercial site.
TITLE PARTICULARS
Lot 2 & 3 DP 977420
RATES
Cowra Council rates $3248.97
ZONED
B5 Business Development
AREA
1064.9 m2 with a further 889 m2 adjoining. Total Area 1953.9m2 .
SERVICES
Electricity, Town Water, Sewer, Natural Gas, Telephone
LOCATION
1.5 Kilometres from Cowra Post Office. Situated in Redfern Street (Canowindra Road) with -meter frontage.
Redfern Street is considered the second busiest retail shopping street in Cowra.
IMPROVEMENTS
Main Shop: Approximately 268m2. Glass main street frontage, Front & side access,
Besser Block construction, Tiled & carpeted flooring, office, toilet & vanity, ducted evaporative air conditioning.
Unit Two: Approximately 148m2. Besser Block construction. Side roller door access, lino floor coverings, office, kitchen & dining area. Tiled bathroom & vanity, split system. Insulated ceiling.
Unit Three: Approximately 148m2.Open plan layout, Roller door access, Office. Cement floor, toilet
Unit Four: Approximately 148m2. Open plan area, office. carpeted, storeroom, false ceiling, new roof, toilet & vanity. Split system
All units have separate power metres, split systems, & evaporative air conditioning.
CONSTRUCTION
Flooring Concrete slab
Walls Northers side (double cavity brick)
Southern side (Besser Block)
Roof Metal
Internal walls Plasterboard and exposed concrete block.
Ceilings Some units have false ceilings.
LAYOUT
Show room, 4 x offices, meals room, 4 toilets, kitchen.
BUILDING AREAS
Main leased area Showroom 268 m2
3 x 148m2 separate units
Total Area 712 m2