For sale is an opportunity to purchase some prime commercial real estate in the lovely township of Sheffield. Nestled beneath the ever changing Mount Roland, Sheffield is an extremely popular, year-round tourist destination.
With one vacant shop, the premises is ideal for an owner operator to utilise for their own business whilst receiving an income from the two tenancies.
The front shop is leased on a 5 year term, with two additional 5 year options, with an annual rent of $22,840 plus GST plus Outgoings.
The property has been restored to a modern and functional condition so there is very little work to do or ongoing maintenance to worry about.
The rear shop is leased on a recent 2 year term, with two additional 5 year options, with an annual rent of $14,472 plus G.S.T. plus Outgoings.
All three shops are fully air-conditioned and there is ample car-parking also

Shop 1
Size: 148 m2
Rent: $22,840 p.a.
Outgoings: 40% of total. Approx. $1,630 p.a.

Shop 2
Size: 128 m2
Vacant

Shop 3
Size: 92 m2. (66 m2 on ground floor plus 26 m2 on mezzanine)
Rent: $14,472 p.a.
Outgoings: 25% of total. Approx. $715.87

Total Outgoings (including shop 1 and shop 3 contribution)
Water: $1,062.96 plus usage
Land Tax: $224.30
Rates: $2,863.47

• Opportunity for owner occupier
• Passive income
• Long-term leases
• Fully air-conditioned
• Potential to lease vacant shop
• Busy tourist township
• Off-street parking
• Low-maintenance
• Recently renovated

This property is offered for sale at $739,000. Full occupancy offer a yield of over 7.5%.

Please contact Colin Rowlands at Halliwell Property Agents for all enquiries or to schedule an inspection.