REAL ESTATE FOR SALE ONLY NOT BUSINESS
This property has the potential for an investor to positive gear this great property right in the heart of the Riverton township.
With the commercial property being currently leased at $300 per week, and the residence at the rear has the potential to be leased out at $245 per week, so with a total rental return of $545 a week, will more than pay off a mortgage of $300,000.
The other option is to purchase and live in you self and subsidise you mortgage with the the $300 a week you receive from the rent of the front shop. Explore your options, It makes it a very attractive purchase.
The property comprises:
1 The shop with floor area of approx. 242 square metres – Currently leased out on a 3×3 year lease – Current rental $280 per week
2 The home comprises
• 4 spacious bedrooms
• Huge lounge
• Country style eat in kitchen with island bench
• Bathroom with bath, shower, vanity & toilet
• Lobby & laundry
• The residence was previously tenanted for $245 per week
The main building (both the shop & the residence) has just recently been re-roofed. Other improvements include a character stone shed measuring 15.5 metres x 4.5 metres with access off the side street.
Set on a 776 square metre allotment the property has the benefit of 2 street frontages.
This is a property with huge potential. The vendors are keen to move the property on and will consider genuine offers.
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|R&H Suburb Summary||Houses|
|Number of sales||27|
|Median Rental Price||$245 p.w.|
|Change in Rental Rate (5yr)||9 %|
|R&H Suburb Summary||Units|
|Number of sales||1|