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187 Lang Street, Kurri Kurri NSW 2327
MULTIPLE TENANCY INVESTMENT OPPORTUNITY IN BUSTLING REGIONAL CENTRE - HOME TO THE "BIG KOOKABURRA"
This is one investment opportunity that you will not want to miss out on! With a mix of commercial, retail & residential tenants, your portfolio will flourish.
In central Kurri Kurri, this corner location is sought after by tenants and the "down time" is always minimal.
Formally occupied by The Newcastle Permanent Building Society, this building has been built to last.
The Details:
Shop 1: Long term commercial tenant who, historically, signs 1 year leases each year.
Annual rental $22,000pa + GST Gross from 24 October 2024.
Shop 2: Recent retail tenant on a 3 year lease expiring 30 September 2026.
Annual Rental $18,200pa + 32.5% of the annual outgoings. Fixed 5% annual increases on this tenancy.
Residential Flat: Long term tenant paying $305 per week with a new 2 year lease from 6 September 2024.
Zoned E1 - Local Centre, this property offers the astute investor a lot of options with future tenants.
To arrange your private inspection, please call exclusive agent Michael Maffey on (0438) 049 366 now! This is a well-presented, financially strong & diverse investment opportunity.
In central Kurri Kurri, this corner location is sought after by tenants and the "down time" is always minimal.
Formally occupied by The Newcastle Permanent Building Society, this building has been built to last.
The Details:
Shop 1: Long term commercial tenant who, historically, signs 1 year leases each year.
Annual rental $22,000pa + GST Gross from 24 October 2024.
Shop 2: Recent retail tenant on a 3 year lease expiring 30 September 2026.
Annual Rental $18,200pa + 32.5% of the annual outgoings. Fixed 5% annual increases on this tenancy.
Residential Flat: Long term tenant paying $305 per week with a new 2 year lease from 6 September 2024.
Zoned E1 - Local Centre, this property offers the astute investor a lot of options with future tenants.
To arrange your private inspection, please call exclusive agent Michael Maffey on (0438) 049 366 now! This is a well-presented, financially strong & diverse investment opportunity.
