160-164 Katoomba Street is a single level, solid brick and iron constructed building of approx 306m2. Comprising of 3 separate shops all solidly tenanted including a national franchise operation..
The tenants pay 100% of the outgoings and the current leases allow for 5% annual reviews allowing the purchaser to achieve around a net 6.1% yield. At the rear of the property, accessed via the side driveway is a further 170m2 of land currently used as car parking with a current DA approval for a car park upgrade.
This is a property investment that should not be ignored.
