This property in the main street of Dorrigo is an ideal investment property offering 3 independent rental incomes as follows (excluding GST): Retail shop - $9,727pa; storage units $6,000pa (average over last 10 years); 4 bedroom residential $11,440pa - so total income of $27,167pa before outgoings or approximately 9%pa. Offering an excellent return with multiple income streams, this is a very attractive proposition.
The storage units consist of 7 x standard single garages that are leased casually for $110 per month (incl GST). There is virtually no maintenance and the lessees purchase their own padlock when they commence use. The retail tenant collects all rent on behalf of the landlords.
The retail space is currently leased by a computer shop that has been operating for 10 years and the total floor space is approximately 64sqm (8m x 8m).
The residence offers 4 large bedrooms upstairs with high ceilings and wide, covered verandah overlooking the main street. While downstairs is the living/dining/kitchen along with bathroom and toilet, also with high ceilings and insulation for those cool winter nights.
The spacious laundry & 2nd toilet are accessed from the back verandah at ground level, and the verandah leads to a lovely, big flat yard with plenty of space for all sorts of things.
As an investment, it is ideal, with excellent returns and income risk spread over 3 tenancies. So don't dawdle with this one......
Call to view at a time that suits you - Guy Saddleton Real Estate 6655 2458. Open 7 days to 7 pm.
Floor plans and information sheet available upon request - note all measurements in text and plans are approximate.
