L.J Colquhoun Dixon Commercial Real Estate are pleased to offer for sale this superbly positioned freehold opportunity in Central Wodonga.
The offering presents an opportunity to invest in the short-term and then develop (STCA) in the long-term, comprising four (4) tenanted shopfronts on the ground level, with a tenanted 2-bedroom apartment on the first floor.
The total site area is approximately 625 square metres, with the net lettable area across the commercial tenancies comprising approximately 200 square metres; the breakdown is as follows:
Unit 1 – Dry Cleaners (approximately 45 sqm), 6-year lease expiring Feb 2023, Nil option, current rental $9,600 p/a, tenant pays 100% council rates and 20% water rates.
Unit 2 – Leather Workshop (approximately 50 sqm), 1-year lease expiring Aug 2023, with year x year options, current rental $11,440 p/a, Gross agreement.
Unit 3 – Hair and Beauty (approximately 55 sqm), 5-year lease expiring Nov 2026, Nil option, current rental $7,200 p/a, tenant pays 100% council rates and 25% water rates.
Unit 4 – Defence Supplies (approximately 50 sqm), 2-year lease expiring March 2024 with 2-year option, current rental $11,000 p/a, tenant pays 100% council rates and 20% water rates.
First Floor – 2 Bedroom/1 Bathroom unit, periodical month-to-month tenancy, current rental $12,480 p/a, Gross agreement.
The total Income is $51,720 per annum.
Terms: 10% deposit, balance 60 days.
For more information, please contact the agents below.