This beautiful limestone block, mixed use commercial/residential property provides a unique opportunity and potentially huge rental income.
Situated in the town of Exmouth, this property offers a 1266sqm fully fenced block built with 5 commercial units approved for workers accommodation and/or professional offices. The property layout in addition to the 5 units includes a 12 x 10 concrete tilt up workshop at the rear right hand side; a private residence at the rear left side of the property comprising of 2 open plan units under one roof. 5 Pellew St also has a 5 kw solar system, CCTV security cameras and 3 phase power and sensor lighting.
Current rental income on 4 of the commercial units @ $7697pm + gst and outgoings = $92.367 pa
Potential income
- 5 Units @ $9474pm + gst and outgoings = $113,695+ gst and outgoings
- 1 Bedroom Studio $550pw = $28,678
- 1 Bedroom Unit $650pw = $33,892
- Workshop: include with the unit or rent as a separate entity. The choice is yours.
- Total $176,265+ pa.
COMMERCIAL AREA: Huge Workshop and 5 Units which can be used for staff/workers accommodation with council approval.
5 x COMMERCIAL UNITS
- 4 commercial units have a floor area of 52sqm and the 5th has a floor area of 32sqm;
- Tiled with built in kitchenettes (except one office)
- Cooled by Daikin air conditioning
- Communal toilet block that offers men's, ladies and disabled toilets
- Communications room with optic fibre lead in
12 x 10 WORKSHOP
- Complete 12 x 10 concrete tilt up workshop with kitchenette; office & bathroom/laundry;
- Mezzanine floor with upstairs area fully airconditioned (previously used as a bedroom)
- 5 KW Solar system & GAS hot water system
- Safe Room with keypad lock
- Lockable office, fully tiled and airconditioned, can also be used as a bedroom.
RESIDENTIAL (2 UNITS UNDER ONE ROOF WITH SEPARATE ENTRIES)
The residence offers 2 open plan units under one roof; separated by a common wall with separate entrances to each unit creating complete privacy for each unit. Ideal for workers accommodation.
A unique build and one that needs to be viewed to be appreciated. Don't miss out on this rare opportunity. Call Darren Cossill to arrange a viewing on 0439 931 877.
