Here is your chance to secure an easy-care commercial investment property, situated in a prominent highway position & surrounded by numerous successful businesses.
Currently leased to 'ARB Rural 4x4 Cowra Pty Ltd' who are a thriving business & Australia's largest manufacturer & distributor of 4x4 accessories. Great tenants with a recent lease extension until September 2023.
Key features include:
- Huge 2,305m2 corner block position
- Two workshop/sheds with multiple roller doors
- Three phase power in the rear shed
- 45m* street frontage facing Olympic Highway
- 48m* street frontage facing Waratah Street
- Front office, currently used as a showroom
- Numerous driveway entrance points
- Good secure fencing throughout
- Separate male & female toilets
- Off street parking available
- Town water, sewer & natural gas
- IN2 Light Industrial zoning
- Lot 25 in DP 1239226
- GST not payable on the sale
Auction price guide: $300,000 - 320,000
Current lease expires September 2023
Option to renew in favour of the tenant: nil
Rent per annum:$26,994.24 per annum
Tenant pays outgoings: water, sewer, gas & electricity usage, public liability insurance
Lessor pays outgoings: water access, sewer access, land rates & tax, building insurance
Land rates: $6,573 per annum*
Water access: $330 per annum*
Sewer access: $690 per annum*
PLEASE NOTE: the business is not for sale
This property is being offer by way of public auction on Thursday 21st October from 10:30am. A specific time will be allocated closer to the auction date.
Caley Mok | Licensed Real Estate Agent
Mobile: 0437 007 303 | Email: caley.mok@raywhite.com
Facebook: facebook.com/caleymokrwemc | Instagram: @caleymok_rwemc
Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however, we cannot guarantee it.
*approximately
