COMMERCIAL INVESTMENT IN THE HEART OF THE CBD
$600,000
17 Targo Street
BUNDABERG CENTRAL
Positioned in the heart of the CBD is this freehold commercial building divided into 2 tenancies with strong lease on shop 1, both shops with ample off-street parking for staff.
Surrounded by a diverse mix of businesses, the premises lend itself to any type of future occupants with great traffic flow and instant exposure from all other surrounding well known and established businesses.
Property Details:
Total Rent: $55,409 P/A + GST + 74.5% of Rates
Shop 1 Rent: $43,969 P/A + GST + 74.5% of Rates
Shop 2 Rent: Vacant from 01/01/2020 (Was returning $11,500 P/A + GST)
Shop 1 Lease Term: 3 Years
Shop 1 Lease Commencement Date: April 1st 2018
Shop 1 Lease Expiry Date: March 31st 2021
Shop 1 Lease Option: 1 x 2 Years commencing April 1st 2021
Shop 2 Lease Term: Vacant
Shop 1 Lease Commencement Date: December 3rd 2018
Shop 1 Lease Expiry Date: December 2nd 2019
Shop 1 Lease Option: 2 x 2 Years
Out Goings paid by Lessor except 74.5% of Rates paid by Shop 1
Land Area: 503m2
Shop 1 Area: 156m2* + 7 designated car Parks
Shop 2 Area: 54m2* + 2 designated car parks
Rates: $4,146.34 per Year
Insurance: $798 P/A
*Approximate
For more information or to organize your personal inspection, call or email us today!!
The information provided is for use as an estimate only and potential purchasers should make their own enquires to satisfy themselves of any matters.
