*BUILDING ONLY FOR SALE*
Are you looking for an exceptional investment opportunity in the heart of Temora? Miller & James are pleased to present to you - 197-201 Hoskins Street, Temora. This remarkable property has accomplished a fully leased status for over 10 years. 3 out of 4 shops are currently filled with long-term commercial tenants, ensuring a steady and reliable income stream for the astute investor.
* Telstra shop tenants have terminated their lease, presenting the perfect opportunity for a new tenant or business to come to town.
PROPERTY HIGHLIGHTS:
- Ideal Location: Strategically positioned on Temora's bustling Main Street, this property offers high visibility and exposure to both foot and vehicular traffic.
- Fully Leased: The building is currently 75% leased, with three well-established and reputable long-term tenants.
- Strong Tenant Mix: The property hosts a diverse range of commercial tenants, adding stability and diversification to your investment portfolio. These tenants represent various industries and have demonstrated their commitment to the local market.
- Low Vacancy Risk: With 3 shop's currently leased to long-term tenants, you can enjoy peace of mind knowing that the property offers a secure and predictable rental income. Minimizing the risk associated with tenant turnover and vacancies.
PROPERTY DETAILS:
- 3x Hoskins Street shops offer window frontage and rendered brick and iron roof build.
- Rear building (Victoria St side), also offers generous window frontage and is a brick and steel construction, consisting of a shop front, and adjoining warehouse. Salvation Army utilise both spaces, and the rear yard, as part of their agreement.
- Separate Amenities located within the Salvation Army building (2 toilets).
- Separate Amenities via Service Entrance (2 toilets), available to Hoskins St tenants.
- 3-phase power connected with capability to all shops.
Land Size: Approx. 935 sqm
Legal Description: 10/2/DP758957
Asking Price: $1,000,000 (FREEHOLD, GST NOT APPLICABLE)
Return: 6% Gross Annual Return - Full financials including ingoings' and outgoings' are available upon request.
Don't miss this remarkable opportunity to acquire a fully leased commercial building on the sought-after Main Street of Temora. With a prime location, strong tenant mix, and reliable income, this investment promises excellent returns. Take advantage of this rare offering and invest in the success of Temora today!
For more information or to schedule a private viewing, contact Bruce today!
