Strata area of 79sqm (approx.) fully leased to Bangalow Pharmacy
Annual income (as at 18 September 2023) of $48,673 net plus GST (approx.)
Outgoings are 100% payable by the tenant in addition to the rent
10-year lease commenced on 18 September 2016 plus a 5-year option to renew
This prime retail space forms part of a beautiful heritage building which has been continuously occupied by a pharmacy since circa early 1900's. It presents a unique opportunity for those looking for a solid income generating asset in a very tightly held precinct offering exposure to loads of passing foot traffic, including daytrippers, holidaymakers and members of the thriving community of Bangalow.
Surrounded by vibrant cafes and popular boutiques, the property is also located directly opposite Bangalow post office and just 15 minutes drive to Byron Bay. The property features an awning-covered heritage style shopfront and quality internal fitout, including high ceilings, rosettes and timber floors, as well as kitchenette and bathroom facilities to the rear.
Council Rates: $3,384 per annum (approx.) payable by the tenant
Strata Levies: $4,200 per annum (approx.) payable by the tenant
DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.
