Looking for a secure Commercial investment? This Bold Street Commercial building boasts over 160m2 of floor area and is situated in Laurieton's busy main street.
Set in a prime position surrounded by long time and successful businesses such as T-Bones Premium Meats and the ever popular Blue Buffalo Café, this is a great main street location with continual foot traffic thanks to the nearby Top End Fruit and Veg shop, The Golden Inn Chinese Restaurant, cafes and the pedestrian crossing.
Currently leased to Pearl Bay Framing and Trophies, this popular business has been in Laurieton for 30 years and relocated to this site over 3 years ago to accommodate its growth. Current lease in place until September 2025 with an option to renew for a further 3 years. Gross rent is $33,260 per annum (GST excluded).
Statutory Outgoings (strata fees and council rates) total approx. $7,070.00.
Important information:
* Strata titled building. Shop 1 is the largest of the buildings in a complex of four. All four shops owned by individuals (no multiple owners)
* Zoned E1 Local Centre
* Large shared car parking for tenants at the rear
* Rear access via public laneway
* Excellent exposure in main street location
* BUSINESS IS NOT FOR SALE
* ALL BOUNDARY MARKINGS ARE APPROXIMATE
* $385,000 (no GST as going concern)
We have obtained all information from sources we believe to be reliable; however we cannot guarantee it's accuracy. Prospective purchasers are advised to carry out their own investigations.
