Salina Court, 161 Balo Street Moree, NSW 2400
$890,000 - 100% LEASED - 9.6% NET RETURN
Multiple parking at rear and front of building
Tenanted Investment Details
100% OCCUPIED QUALITY COMMERCIAL INVESTMENT
- Government anchor tenants
- 100% Occupied
- Gross Rent $101,259 p/a
The government anchor tenants have been occupying the same space for approximately 16 years serving 4 x 4 year terms. The space is fit out for the government and would appear that the tenants would likely sign a new 2 x 4 year term at the end of the current lease.
AREA: 888.9 sqm
LOCATION: The property is situated in the heart of Moree CBD.
SERVICES: All normal town services are available and connected including town power, water, telephone, sewerage, internet.
TITLE: Freehold. Lot 2 DP 600708
ZONING: B3 - Commercial Core vide Moree Plains LEP 2011. Enquiries with Moree Plains Shire Council Planning Department indicate that all development conforms.
COUNCIL RATES: $13,215.40 p/a
INCOME: Strong government anchor tenants in place also pay 29% of all outgoings. Medical, dental and solicitor tenants in place also. Current gross rent $101,258.77 p/a. The property is 100% occupied.
"All care has been taken in compiling this information sheet but it is prepared on instructions and details supplied by the vendor, for whom we act as agents only, and we cannot accept any responsibility for errors or omission (if any). Intending purchasers should satisfy themselves as to the correctness of these particulars."
Property ID: 502387894Last Updated: 14 Jul 2019