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Listing ID: 4107303



Mitchell Owen

m: 0401 451 889

p: 02 8713 6815


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For Sale


SOLID INVESTMENT - RETAIL & RESIDENCES


Address:
214 Belmore Road RIVERWOOD
Description:
Stand alone building in the heart of one of the fastest growing Sydney suburbs.

This low maintenance, fully leased, with positively geared rental income investment has future development potential (STCA). It will suit a SMSF or an investor looking for a reliable income with low overheads to create or diversify their asset portfolio.

The property is located on popular retail strip of Riverwood directly across from Riverwood Train Station. You will find here Woolworths, ALDI, KFC, CBA, NAB, Post Office & Fitness First as well as a number of popular restaurants and function centers. There is lots of council parking behind the building.

Lease details:
Shop 1: leased to European delicatessen from July 2017 on 3x3x3 lease for $41,600pa + GST and annual increases. This business is very profitable and the owners have expressed their intention to stay long term.

Shop 2: leased to bakery/pizzeria with new 3x3x3 lease for $41,600pa + GST and annual increases. The owners of the business have spent significantly to refurbish and equip this new bakery/pizzeria and have expressed their intention to stay long term.

Apartment 1: A modern - newly refurbished 1 bedroom apartment rented on a new 1 year lease for $350 per week.

Apartment 2: A modern - newly refurbished 2 bedroom apartment rented on a new 2 year lease for $400 per week.
Total rental income $1,22,200pa + GST

Outgoings approx:
Council rates: $546pq
Water Rates: $120pq approx – tenants pay water usage

Approx net income: $119,536pa

This property offers the investor low maintenance and joy of the rewards for many years to come. For further information or to arrange an inspection, please contact

Julian Monteleone
M: 0405 668 468
E: julian.monteleone@au.knightfrank.com

Mitch Owen
M: 0401 451 889
E mitchello@commercial.net.au

Usage:
Office/Showroom/Retail/Land Development
Land Size:
158 m2 approx
Retail Size:
240 m2 approx
Residence :
120 m2 approx
Property Size:
360 m2 approx
Sale Price:
Contact Agent
Zoning:
B2 - Local Centre  
Council:
Canterbury/Bankstown  
GST:
Unless otherwise stated, all prices quoted are exclusive of GST.