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.