561 Pacific Highway, MOUNT COLAH NSW 2079

Two for one purchase, comprising of a residential home streaming two incomes including a take away shop in the front, and a residential lease in the rear. The rear of the dwelling needs attention and is currently in poor condition; however the tenant is happy as it stands. Plenty of room to capitalize/extend/renovate/future-rebuild or simply hold onto this asset for market growth. Here's your opportunity to purchase a hassle free instant income investment. A must sell at auction with instructions from The Trust Company. Streamline income: + Overall annual rent: $20,620.00 (approximately) + Investment return 5.1% approximate (based on indicative mv) + 2 year lease + 2 year option (ending 30th April 2014) + Residential on-going lease Front: + Recently signed 2 year + 2 year option lease + On-going tenant in the rear + Shop Dining 4.3 x 4.2m + Shop 5.4m x 5.1m + Shop storage 4.0m x 4.0m Rear: + Two Bedrooms option for a third + Kitchen and Bathroom + Separate lounge and dining + Laundry and rumpus + Needs repairs and is currently in poor condition External fit out: + Overall land 560 sqm approximate + Eat in tables or car port + Outside toilet + 4 plus car space + Walk to rail Inspection by appointment AUCTION 8th December 2012, 3.45PM at Turramurra Masonic Hall Contact Tim Latham for price guide: 0405 329 447 | 02 9477 3323 | tim.latham@raywhite.com Disclaimer: All information contained here is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it.