12 Cudgery Street, Dorrigo NSW 2453
Bargain CBD Commercial Investment
A simply superb opportunity for first time investors or experienced punters to enter the commercial property market at a super affordable price. Shops 1 & 2/12 Cudgery Street boast excellent exposure and solid tenancy history;
- 100% occupancy since purchased by current owners in 1999
- Well presented low maintenance brick building, front 2 arcade shops 90m2 approxiimately, 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 from 1 Oct 2012 to 20 Sept 2017, 5% increases per annum
- Current rental $265pw ex gst or $13,780 p.a.
- Rates total $3,469.40 p.a. Strata Levies $2,724.00 p.a.
- Net annual return approximately $7,580.00 p.a.
- 100% occupancy since purchased by current owners in 1999
- Well presented low maintenance brick building, front 2 arcade shops 90m2 approxiimately, 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 from 1 Oct 2012 to 20 Sept 2017, 5% increases per annum
- Current rental $265pw ex gst or $13,780 p.a.
- Rates total $3,469.40 p.a. Strata Levies $2,724.00 p.a.
- Net annual return approximately $7,580.00 p.a.
Nathan Cardow
Principal | Licensee
Bellingen