Prime Commercial Investment

SOLD - This listing was sold in June 2016
Ideally positioned, this property is currently sectioned into two.

The section with frontage to Ellenor Street is occupied by Holger Ostersen (Rhu Bru Pty Ltd) with a 2 year Lease which expired on the 1st of December 2011. Currently rental is $6,864pa including GST.

The rear section is occupied by JL Bolton (Scottsdale Canvas and Saddlery). Current rental is $4,500pa including GST.

The Landlord pays all outgoings excluding water.

The building comprising 359m2 was constructed in 1950 of concrete walls (with a colourbond roof installed around 15 years ago). It is positioned on a 850m2 block with all weather gravel based car park at the side. It is currently zoned Township.

Option is available to acquire adjoining vacant block of 3,295m2. Asking price is also $120,000.

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Main Property Features

Listing Number: TNE3798

Property Type:
Retail, Tenanted Investment
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Harcourts North East

24 King Street
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