This is an excellent opportunity to purchase a commercial property which currently has a return of 4.8% with potential to lease out further space having a higher return.
Highly unique site with main street Broadway of the gold mining town Dunolly in Central Goldfields Shire
* Total Land Size: 634 sqm
* Zoning: Commercial 1
* Building area: 198 sqm (142sqm Leased 56 sqm Vacant)
* Floors: Concrete
* Car Parking: Available under front canopy and off-street parking as well as street parking along Broadway.
* Ancillary: 118 sqm (Front canopy) of front Asphalt hardstand area.
* Services: Standard Power, Three Phase and Coliban Water.
Leases:
142 sqm of the building is currently leased (Mar 2018) to a Pharmacy returning $15,000 per annum with a long-term lease in place.
This lease is 5+5 years starting from March 2018
Vacancy:
The remaining area (56m2) is currently vacant (Never occupied by choice). This gives the opportunity for either an owner-occupier (with guaranteed return of $15k from the Pharmacy Lease) or as an investor seeking high returns. If you are an owner occupier and have a business which could prosper from being next door to a chemist, then all the better!
NOTE: The rear site of land (which runs along the southern boundary of the rear Lot 1), is subject to 99 years lease at $1 per annum.
Suitable for:
1- Investment/Income
2- An owner occupier
3- Brainstorming / Creative Victorian or Interstate (creative-strategy)