Offered for sale for the first time in over three decades, 68-70 Victoria Street presents an outstanding investment opportunity. Situated opposite Western Plains Automotive, this is one of the most prominent highway locations in West Dubbo. With a brand new 6 + 6 year lease to Battery World Australia which commences on the 1st November 17, plus a tenanted residential flat and a 3rd tenancy available for occupation by the purchaser or for lease, this truly is a fantastic investment opportunity.
*New 6 + 6 year lease to Battery World Australia commencing net rental $41,000 pa.
*Tenanted residential flat returning $11,440.00 pa
*Current rental income of $52,440.00 pa
*Current market rental of vacant shop at 70 Victoria Street $15,600.00
*Potential net Income $68,040.00
*Outgoings. 50% of outgoings payable by Battery World. We are seeking 40% of the remaining outgoings to be recovered from the eventual tenant of 70 Victoria Street.
*Total annual recoverable outgoings include DRC rates,sewer and water charges, insurance premium and total approx $6590.59
*Zoned B6 Enterprise Corridor
*Bitumen car park at side and rear for customer parking and deliveries
*Large block with frontage of 40m approx.
Information Memorandum available on request
AUCTION DATE Thursday the 30th November 2017 in our auction room