On offer here are 2 shops, currently tenanted to one tenant at $560.00 per week combined. With rent increasing to $580 per week in April next year, and over 4 years left on the current lease, this property will offer a fantastic return of 7.5%. A brick low-maintenance property with ample off-street parking, this property is a great investment.
An outstanding opportunity to invest in the tightly held Cockatoo main street, with separate titles affording so much flexibility for the future to either rent out separately or maybe even use one or both of the shops.
Also on offer is the upstairs apartment, which is 2 bedrooms, 1 bathroom, open plan living with modern kitchen and great garage with its own entrance from the rear street. A concrete suspended slab is between the dwelling and the shop downstairs to ensure good soundproofing.
