Professional for sale
Real Estate Development and Rental Goldmine
Expressions of interest are being sought for a prime parcel of real-estate in Toronto which is ideally located in a busy street of the city of Lake Macquarie between the fast growing regions of Newcastle and the Central Coast. It is approximately 28 kilometres (17min) from Newcastle's central business district and is a commercial hub for the sprawling suburbs on the western shore of the lake.
The adjoining properties are ideally suited to future development and has an estimated market rental return of $209,020pa.
The real-estate available for sale and an overview of the rental return currently achieved includes:
# 1 James Street, Toronto - Current Long term tenant - Motorcycle showroom, retail, service and mechanical repairs centre $65,000pa
- 3 James Street, Toronto - Current Long term tenant - 2 bed house $240pw or $12,480pa
- 5 James Street, Toronto - this includes 4 separate premises that includes the following:
- 5 - currently tenanted by a national retailer for $910pw or $47,300 pa
- 5A - not currently tenanted, est. $300pw or $15,600pa
- 5B - currently tenanted to a mechanical repair business - current rent is $660pw or $34,320pa
#5 C - currently tenanted to an upholstering business - current rent is $660pw or $34,320pa
All enquiries should be directed to the agent detailed hereunder and will be treated in strict confidence.
Broker: Heath Nicholson
Email: Click to email
For more information about this business or complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/12213
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
- Business Category: Professional
- Business Sub Category: Property/Real Estate