In a prime location in the heart of Cowra’s CBD, this property has 6 very good tenants on fixed term leases. Two titles selling in one line. Plenty of space out the back for future development.
Property 1: Regency Jewelers and Sports Power have thrived in this location for many years and enjoy the high foot traffic with other major retailers in this area.
The property is approx 364m2 in area and has a 12.5m frontage. There is rear access and staff car parking. The buildings are on 1 title and are very well maintained.
Gross income of just under $54,000 pa (exi GST)
Outgoings of Approx. $8,000
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Property 2: this fully leased property has 4 quality long term tenants Including St George Bank and Optimal Pharmacy and 2 strong local tenants. All tenants are on fixed term leases.
Gross income of just under $129,000 ex GST
Outgoings of approx $16,000 ex GST
The land comprises 712m2 with a 21m frontage (approximates). It has rear access and a large bitumen car park for customers and staff.
Nearby Businesses include Coles, Telstra, Westpac, Reject Shop, Millers Clothing, Target and other local retail shops.
The properties have been held in the one family for over 50 years, however the owners have moved interstate and have genuine intentions to sell.
For more details and an Information Memorandum, email your request today or Call Wayne Heilman on 0418699080