Excellent opportunity to add a commercial property to your portfolio.
Prime position in the main street of Kapunda, the property contains two separate commercial shops with a newly constructed amenities building at the rear. There is further potential to value add to the property (stcc's) with the land at the rear and frontage to Lucas St.
Enjoy the peace of mind in securing this investment - the property has been wonderfully renovated and includes a new main roof, gutters, box gutters and downpipes. The front veranda is also newly built, with a new veranda roof, gutters and fresh coat of paint. Other newly constructed features outside include concrete and pavers to the exterior of the property, a new septic system & plumbing plus the amenities building.
The property offers exceptional upside, with the potential to increase the current rental yield by securing a new tenant to take over the laundromat tenancy - alternatively, the laundromat and P&E can be purchased as part of the sale as a going concern.
Main Features:
- Site area 515sqm
- Lettable area: 118sqm
- Current income from Beautician tenancy: $15,600 p.a. exc GST
- Opportunity to operate the Laundromat Business or secure another tenant for further income
- Potential to continue operation of Dry Cleaner or lease to another tenancy
- Excellent depreciation benefits
- 0% stamp duty!
For further details or to arrange an inspection please contact Jackson Dare 0423 771 611.
All information contained herein is gathered from sources deemed to be reliable. However, we cannot guarantee its accuracy and interested persons should seek their own enquiries.
