Laing + Simmons Cabramatta is pleased to bring to the market an outstanding opportunity to acquire two (2) strata title commercial shops to be sold in one line by way of a Public Auction on-site Saturday 8/6/2024 at 3 pm. Perfectly positive in the heart of the bursting Canley Heights Shopping Centre and surrounded by a mix of retail, cafés, restaurants, pubs, and clubs and adjacent to free Council Parking. This strata title property provides the opportunity for astute investors to secure a significant foothold in one of the most tightly held commercial precincts with a positive rental reversion.
Key investment highlights include:
+ 2 strata title commercial shops to be sold in one line
+ Premier corner location with excellent signage exposure
+ Leased to well-established tenant The Hotpot Palace
+ Passing gross income of $178,248 including GST per annum
+ Lease expires 14/03/2026 with 5 years options
+ Zoning E1 local centre
+ Shop 1: 118sqm
+ Shop 2: 79.5sqm
+ Total Area: 197.5sqm
+ 4 allocated secured car parking
+ Outgoing (approximate quarterly
+ Strata levy: $2187.50 quarterly for each shop
+ Council rate: $362.00 per quarter
+ Water Rate: $195.00 per quarter
+ View by appointment only