The premises available for acquisition consist of three prime street frontage properties being:
191-193 Main South Road, a stand-alone commercial property on one freehold title of 429m2 (more or less) fully leased, returning nett $54,320 PA plus outgoings plus GST.
213 Main South Road, a stand-alone mixed commercial/residential property on one freehold title of 746m2 (more or less) comprising of two ground floor commercial tenancies and a 2-bedroom spacious apartment on the upper level returning a total nett income of $52,936 PA plus GST (where applicable). An area at the rear of this property could be further developed – currently providing short term lease parking.
214 Main South Road, a freehold property over two titles consisting of a commercial retail convenience store fronting Main South Road, with a three-bedroom apartment on the upper level and four two-bedroom apartments at the rear of the property with significant carparking, with a total nett income for 214 Main South Road circa $136,552.55 PA plus GST (where applicable).
The total nett income for the three properties combined is $243,808.55 PA plus GST (where applicable).
All residential properties in this property holding have been developed and maintained to a high standard and are leased on a mixture of fixed term and periodic tenancies. For full commercial lease details and residential lease terms please contact the exclusive agents for a full information memorandum. The vendor will sell the three properties to one purchaser, or they may be purchased independently of each other. Vendors are registered for GST.
