Looking for a secure commercial investment? This strata titled commercial shop boasts 62sqm of floor area in a fully occupied strip of shops, right in the heart of Laurietons vibrant main street shopping area.
Currently leased to the very popular Blue Buffalo Vietnamese cafe with modern fit out (owned by tenant), the property also neighbours the popular T Bones Quality Meats, Pearl Bay Pictures and Framing and a Nail Salon. Constant foot traffic is also achieved with neighbouring Top End Fruit and Veg, Golden Inn Chinese Restaurant, Cafes and the nearby pedestrian crossing.
Current lease in place until December 2025 with an opportunity for the Landlord to negotiate new lease with the existing tenant.
Gross rent is $23,669.35 per annum (GST excluded).
Statutory Outgoings (strata fees and council rates) total approx. $5,196.97. Lot 3 has a 20% unit entitlement on the strata plan in the complex of four.
Important information:
* Strata titled building.
* 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
* $285,000 (no GST as going concern) showing a net return of approximately 6%
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.
