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Salina Court, 161 Balo Street Moree, NSW 2400

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For Sale

Salina Court, 161 Balo Street Moree, NSW 2400

Offices • Medical & Consulting • Other
Sale Price

$890,000 - 100% LEASED - 9.6% NET RETURN

Land area

889.0m²

Floor area

615.0m²

Car spaces

6

Parking info

Multiple parking at rear and front of building

Property extent

Partial

Zoning

Commercial Core

Tenure type

Tenanted Investment

Return

9.6% p.a.

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$85,486
Number of Tenants
6 Tenants
Tenants / Type
Member Parliament - Government Tenant

100% OCCUPIED QUALITY COMMERCIAL INVESTMENT

  • Government anchor tenants
  • 100% Occupied
  • Gross Rent $101,259 p/a
Original circa 1930s building constructed from full brick walls, concrete floor and galvanised iron roof comprising a double storey building with large internal shops and offices. The premises are fully secured and has been extremely well maintained. The building is divided into individual retail/shops/offices.

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."

Additional information

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Property ID: 502387894Last Updated: 14 Jul 2019

02 6 *** ***
Salina Court, 161 Balo Street
Moree, NSW 2400

Agency contacts

Moree Real Estate - Moree

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Moree Real Estate - Moree

82 Balo Street
MOREE, NSW 2400
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Moree Real Estate - Moree
Salina Court, 161 Balo Street Moree, NSW 2400

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