This commercial investment in the popular mining town of Collinsville is a prime site for a potential purchaser.
The sale consists of 3 shops in this complex, Situated in the main street of Collinsville and adjacent to the IGA shopping precinct. It is also in close proximity of local schools, library and health centre.
The tenancies are currently, a fashion store, a hairdressing salon. The third shop has just been tenanted. All shops are air conditioned, with a combined area of 270m2.
The projected return on full occupancy should be approximately 9.5% on the current asking price, (which is negotiable).
The property is on 693m2 allotment.
There are male & female toilets at the rear of the building and ample parking
The current outgoings (which have been included in this calculation) are Council Rates, $886.41 per half year and all insurances approx $1,400 per annum
Collinsville is the gateway to the mining sector and having its own mines located just kilometers away as well as the large Power Station Operation it would be a great investment for someone wanting to start out in Commercial Property Investment
For more information please call Terry McMullen.