Located in a prominent blue chip location in the heart of the Maroubra Junction Commercial precinct, this complete 227sqm total lot space with 3 car spaces and 28sqm of storage area offers a rare opportunity to the astute investor. Currently configured and fully leased to established TAB Corp Holdings near the busy intersection of Anzac Parade and Maroubra Road, with high foot traffic and transport at door provides an excellent cash flow opportunity.

Features

• Prominent position in Maroubra Junction
• Currently leased to established business
• Good cash flow
• Total lot space 227 sqm
• Three car spaces + 28sqm storage
• Close proximity CBD + major amenities

Information, Rent Schedule & Outgoings as of April 2017:


• Fully leased Gross Income
• Rent: $114,736 + GST pa (approx.)
• 3% annual increase
• Lease: 20 years (5 × 5 × 5 x 5-year option)

Outgoings Breakdown:

• Strata Levies = $1436 per quarter (approx.)
• Council rates = $309 per quarter (approx.)
• Water rates = $194 per quarter (approx.)
• Total = $7756.00 per annum

Auction Venue: Shop 2/200 Maroubra Road, Maroubra

To arrange an inspection please contact:

Raine & Horne Kingsford
Sam Karatasas 0418 280 923
sam.karatasas@kk.rh.com.au

Midland Realty
Dorothy Kock 04147883...
info@midlandrealty.com.au