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Returning $26,780.00 a year clear... $515.00 a week... Go...

NORTH ST MARYS NSW, 2760

For Sale

Property for Sale in NORTH ST MARYS NSW, 2760

Listing ID:
11359902
Status:
Active
For:
Sale
Price:
$550,000
Last Updated:
16/11/2019
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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 $26,780.00 a year clear... $515.00 a week... Going up to $530.45 a week...

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 approaching two years into her 5 X 5 year lease arrangement with a fixed 3% annual increase. Currently paying $26,780.00 exclusive of G.S.T. per year PLUS strata levies, council rates and water rates. In November the rent will move to $27,583.40 a year representing a net return of about 5.015%... 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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