On behalf of the vendor, Matt Lazarus from Ray White Norwood Commercial Division, has exclusive privilege to present this exciting opportunity to acquire this fully leased commercial complex by way of expression of interest.

- 3 quality tenants comprising Medical Centre, Japanese Restaurant and Doggy Day Care.
- Total gross lettable area 595sqm*
- Total site area 1710sqm*
- Total net annual income = $72,941.55 p.a. plus GST
- Zoning - Mixed Use Commercial Centre

The property will be sold by way of expression of interest with best offers submitted by 16th August 2022 (unless sold prior).

For a copy of the Information Memorandum, or to arrange an inspection please contact Matt Lazarus from Ray White Norwood - Commercial Division on 04307451...

Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.

Property Details:
Council | Marion
Zone | E - Employment\\
Land | 1,710sqm(Approx.)
Floor Area | 595sqm(Approx.)
Built | 1996

Rates:
City of Marion Council Rates | $7,421.50 p.a (Approx.)
Emergency Services Levy | $1,638.35 p.a (Approx.)
Land Tax|$8,427.50 p.a (Approx.)
Insurance| $3,210 p.a (Approx.)
Total |$20,697.35 p.a (Approx.)

Financial Summary
Total Annual Passing Income | $89,344.46 (2022) p.a (Approx.)
Total Annual Outgoing Payable By Owner|$16,402.91 (2022) p.a (Approx.)
Total Annual Net Income | $72,941.55 p.a (Approx.)

Norwood RLA 278530