Outstanding Investment opportunity - approximately 9% return
8 Barton Street
5 Beds 2 Baths 1 Space
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.
Zoning—B2 Local Centre
Information memorandum with full tenancy details available upon request.
Residential Sales Consultant
0408 362 268