A rare opportunity in that it offers the new owner a commercial and a residential tenancy. T
The 2 bedroom house has a 12 month lease in place and a good rental history. Rent is $200 per week. Constructed of brick, the residence also includes a garage.
The convenience store has operated for the last 50 years and is a Newnham icon. Turnover is good and the shop presents well.It is also constructed of brick and has recently had a fitout ‘update’. The current tenants are in the first year of a 5 year lease with a five year option to follow.
Returning $24,440 per annum, this property deserves your appraisal.