Located in a tightly held inner west location this property would appeal to a wide range of buyers from investors, developers to owner occupiers.
Situated on a land holding of Approximately 1,391m2 across two titles this prime corner allotment provides dual frontage to Mooringe Avenue and Whelan Avenue.
The property is fully leased and consists of two tenancies providing a combined rental of $50,322.60 per annum plus outgoings & GST with statutory outgoings recoverable from the tenants (excluding land tax)
- Tenancy 1 (Shop 103m2) securely leased as Snack Bar for $31,200 per annum plus Outgoings & GST.
Lease term of 3 years commenced 13th November 2020, with two further rights of renewal of 3 years
- Tenancy 2 ( Workshop 120m2 plus Storage yard) is leased on a monthly basis for $19,122.60 per annum plus Outgoings & GST
Property is zoned General Neighbourhood by The City of West Torrens
This property will be a valuable addition to your commercial property portfolio, or to start off your commercial property investing journey.
Inspection is strictly by appointment only.
Auction to be held onsite 10th March 2022 at 11am
RLA 205498