This investment offers the best of both worlds- long term Commercial and Residential rentals in the one property!
In the main CBD this commercial property has been a chiropractic practice for 15 years. The commercial portion comprises a large reception area, 2 consulting rooms with basins, 2 waiting/ change rooms and a toilet. Ducted cooling is throughout this area as well. The commercial property is currently tenanted at $800 per month.
The owners of the building pay all outgoings (minus electricity).
The residential portion at the rear has separate lane access, concreted drive (for easy construction of carport if desired) and is secure with lockable iron gates. The 2 story brick flat has 2 bedrooms, a mass of storage space in the hall, good sized kitchen/dining and separate lounge. Ducted air conditioning and gas heating service the apartment. The unit boasts a large laundry and good sized tiled bathroom. There is new carpet throughout the living area and hallway. The property is currently rented at $160 per week until December 2015, and will rise to $200 per week after that.
The entire building was built in 1970 and is one of the newest brick commercial properties that you'll find in Temora's main street. The property has been well maintained and is a clean, tidy space in a convenient location. This property offers a 9.45% return, a rare find!
The entire building was built in 1970 and is one of the newest brick commercial properties that you'll find in Temora's main street. The property has been well maintained and is a clean, tidy space in a convenient location.
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