1 & 2/14 Kenthurst Road Dural NSW 2158

Prime central location in Dural retail and business district is this Freehold retail shop and first floor office space.

INCOME:
Under the current lease agreements, the rental income from the property totals $70,719 per annum gross.

Downstairs - 75m2 $37,885 p/a
Upstairs - 75m2 $32,834 p/a
TOTAL - 150m2 $70,719 p/a

OUTGOINGS EXPENDITURE:

Item - Amount $pa
Council Rates - $1,614
Insurance - $3,500
Fire Protection - $1,500
Management Fees - $1,750
TOTAL - $8,364

The outgoings equate to a rate of $73.00 per square metre of lettable area. This rate is considered satisfactory for a mixed use building and is a reflection of the location, size, age, permitted use, quantity of tenancies, lease terms, ongoing management, rates, taxes and levies.

SUMMARY:
The passing net income from the property is estimated to be approximately $62,355 per annum derived as follows:

Gross Passing Income $70,719
Less: Outgoings ($8,364)
NETT PASSING INCOME $62,355

Unless otherwise stated, the above financial information excludes GST.

* Agent Interest

Disclaimer: This advertisement is a guide only. Whilst all information has been gathered from sources we deem to be reliable, we do not guarantee the accuracy of this information, nor do we accept responsibility for any action taken by intending purchasers in reliance on this information. No warranty can be given either by the vendors or their agents.