Looking for a property for your SMSF? This could be it!
Rent out upstairs and the 5 commercial shops downstairs generating a ROI 9.7% net aprox, 12% gross aprox.
Also a great option if you are looking to have the convenience of living above your business, whilst at the same time generating additional revenue from 4 other commercial shops.
The property has one electricity & water meter for the entire property.
There are 60 plus solar panels, 23kW solar system with a 12kW max production.
The solar system was installed in September 2015 aprox.
The transformer was replaced 2016.
There is ample carparking available.
Front carpark- 9 x undercover
Back carpark- Secure with electric gate, 5 x undercover, 1 x garage, 1 x undercover smaller car
Excellent street frontage and exposure, each business has a dedicated large street signage provision.
The rear of the property is completely fenced and secure with lush edible gardens.
Upstairs is of generous proportions built of solid concrete and tiles with fans, aircons, fly and security screens throughout. Total under roof is 290m2 aprox. Currently occupied by owner.
-Dining, lounge & office
-Kitchen with plenty of cupboards and storage
-4 x bedrooms
-Bathroom plus 2 toilets
-Expansive balcony capturing fresh breezes with views of the mountains
-Rental Appraisal $400 per week/$20,800 per annum including outgoings.
Downstairs has been completely fitted out and is ready for tenancies. Each shop is 40m2 aprox, total 200m2 aprox. If a larger shop is required, the internal walls can be removed to create a larger space.
There is 2 x unisex toilets available for customers.
-Shop 1: LEASED to a Remedial Massage Therapist for 3 years at $13,000 pa inc outgoings to 31.12.2020 and $16,640 pa inc outgoings thereafter.
-Shop 2: LEASED to a Hair Salon for 3 years at $13,000 pa inc outgoings to 31.12.2020 and $16,640 pa inc outgoings thereafter.
-Shop 3: Vacant. Fitout suitable for medical, allied health, fitness, beauty, professional services/consultancy, small retail outlet. Rental Appraisal $13,000 pa inc outgoings to 31.12.2020 and $16,640 pa inc outgoings thereafter.
-Shop 4: LEASED to a Naturopath for 3 years at $17,316 pa inc outgoings to 31.12.2020 and $27,716 pa inc outgoings thereafter.
-Shop 5: Vacant. Fitout suitable for medical, allied health, fitness, beauty, professional services/consultancy, small retail outlet. Rental Appraisal $8,667 pa inc outgoings to 31.12.2020 and $11,094 pa inc outgoings thereafter.
Rental Appraisal for entire property $104,000 per annum aprox
Projected ROI: 12% gross per annum aprox, 9.7% net per annum aprox,
Council Rates $13,198 pa aprox
Water Rates $400 pa aprox
Electricity $3,000 pa aprox
Building Insurance $4,845 pa aprox
For more details, please email agent