Outstanding Investment opportunity - approximately 9% return

8 Barton Street

5 Beds 2 Baths 1 Space

$450000

Located in the commercial hub of Cobar and once formally known as the Rural Bank, has since been developed into a high yielding        business opportunity offering 2 separate tenancies.

Gross rent $44,249.96 p/a (Exc. GST). Sold as going concern.

The ground floor is leased to a long standing stationery business servicing the local community and large mining sector.  Comprising of a large open floor area with disabled access, 3 office spaces, vault room, kitchenette, rear delivery area and reverse cycle ducted air conditioning.  Located upstairs is a spacious 5 bedroom residence with a modern kitchen and bathroom and separate undercover   parking and reverse cycle ducted air conditioning.

 

8 Barton Street—Tenant: Stationery Essentials

Current lease agreement 5 years, commenced 2019

Rent: $26,000 p/a (Exc. GST)

 

8A Barton Street—Tenanted 5 bedroom residence

Current lease agreement 1 year, commenced 2019

Rent: $18,249.96 p/a (Exc. GST)

 

Cobar is a long established centre for mining and a vibrant western town located on the crossroads of two major highways.

 Fast facts:

Zoning—B2 Local Centre

Site area—670m2

Retail area—495m2

Residence—253m2

Lettable space—748m2

 

Information memorandum with full tenancy details available upon request.

 

 

 

 

 

 

 

 

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