This property comprises two, freestanding, masonry block buildings of approximately 380 square metres each.
Building 1 at 741 Riverway Dr is currently occupied by the Choi Kwang Do and is subject to a lease expiring 30 June 2027. This building is configured as a martial arts training centre and is predominately open plan and has an air cooling system throughout plus additional mezzanine floor space.
Building 2 at 743 Riverway Dr is configured as two tenancies of 185 & 195 square metres. Both are self-contained and include open plan, air-conditioned showrooms with rear roller shutter access. One tenancy is leased to Riverway Tyres and the other is vacant.
The current gross income is approximately $94,463 and with the single vacancy being leased at market rates, the property is capable of producing a NET income of approximately $96,000.
For more information or to arrange an inspection, please contact Ray White Commercial.