1/6 Davistown Road Davistown NSW 2251

This versatile investment is located in the beautiful suburb of Davistown and only 1 minute walk to the waterfront.
Comprising of an immaculate one bedroom cottage with garage and includes a separated shopfront on a commanding corner position.
Fully Leased with two quality tenants in place.

The commercial space offers two separate office areas and bathroom, located on a prime corner position in the heart of Davistown.

The one bedroom cottage features a well appointed stone topped kitchen, ample storage, sunroom with separate lounge room. Includes a full bathroom/laundry plus remote accessed single lock up garage accessed via Paringa Avenue and a sunny fully fenced courtyard.

Leasing Details:
Shop Lease income of $23,673.38 + GST with Annual Increases of 5% or CPI which ever is greater (increase due on 06/12/24)
2 year lease on shop expires 05/12/25 with 2 year option
1 Bedroom Cottage Lease - $21,840 pa (no GST)

Outgoings;
Council Rates- $2,537 per annum
Water Rates - $980 per annum + usage
Strata Levies - $1,500 per quarter
Zoning: E1 Local Centre

Disclaimer: Every precaution has been taken to establish the accuracy of the above information, which we have gathered from sources we believe to be reliable; however, we cannot guarantee its accuracy and it does not constitute any representation by the vendor or agent.