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Returning $27,583.40 a year clear... $530.45 a week... cl...

NORTH ST MARYS NSW, 2760

For Sale

Property for Sale in NORTH ST MARYS NSW, 2760

Listing ID:
11359902
Status:
Active
For:
Sale
Price:
$530,000.00
Last Updated:
15/02/2020
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Property Type

Hotel/Leisure
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Land Area

141 SQM
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Floor Area

100 SQM
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Parking

0

Returning $27,583.40 a year clear... $530.45 a week... clear / net... That's OVER 5.2% net return on investment...

A fantastic investment opportunity exists with this "Kurrajong Takeaway & Coffee shop" at North St Marys, that is well positioned on a relatively busy corner location within an employment area and nearby residential. Not to mention it being a very short distance to St Marys railway station and main street. This great opportunity consists of a 100m2 shop, 41m2 of designated parking, solar power, a great tenant with a fantastic business who is two years into her 5 X 5 year lease arrangement with a fixed 3% annual increase. Now paying $27,583.40 exclusive of G.S.T. per year PLUS strata levies, council rates and water rates. In November the rent moved to $27,583.40 a year representing a net return of about 5.2%... Now that is a lot better then you will get from any bank right now...

For more details, please email agent


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St Marys Professionals Real Estate

181 Queens Street, St Marys, NSW 2780


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