This is an outstanding opportunity for first time investors or experienced punters to enter the commercial property market at an affordable price. Shops 1 & 2/12 Cudgery Street boast excellent exposure and solid tenancy history;
– Well presented low maintenance brick building, front 2 arcade shops 90m2 approximately, customer and street parking
– Excellent exposure to pedestrians plus frontage to the main tourist route road between the Coast and the Tablelands
– Current 5 year lease up to 20 Sept 2017, and 5% increases per annum
– Current rental $280pw ex. gst or $14,600 p.a.
– Rates total $4,302.54 p.a. Strata Levies $2,968.00 p.a.
– Net annual return approximately $7,329.46 p.a.
– Note – business not for sale
