COMMERCIAL

Prime Highway property for investment. Existing improvements are as commercial retail use and a residential two bedroom tenancy plus study.

The subject property is situated in a prominent location on the north eastern corner of Parramatta Road, Petersham.

The subject property comprises of the following attributes:

·Income potential of approx $42,900 pa gross plus GST
·Comprising of a shop/residence
·High exposure property with rear pedestrian access

Estimated Building Area:
Total - 127 m2
Land Area: 121 m2 *All dimensions are approximate and subject to survey

Zoning:
General Business 3 (a) within Marrickville Council

Area:
Total Site Area: 121 m2 (subject to survey)
Gross Building - 127 m2 *All figures are approximate and subject to survey
Building Areas:
Showroom/Office - 62 m2

Tenancy Details
Commercialtenancy
Gross Rental: $22,100 pa gross incl outgoings plus GST paid monthly in advance
Outgoings: Paid by Lessor
Annual Increases: Fixed at 3% pa
Lease term: 2+2+2 year lease
Lease Commencement: On Settlement
Security: 3 month gross rental bank guarantee
Lessee: Damelian Automobile Ltd
Area: Approx. 62 sqm

RESIDENTIAL

Property Description
·121 m2 site area
·Central Location
·Two tenancies (or can be leased in one line)
·Income potential of approximately $42,900 p.a gross plus GST
·Shop/Showroom area of approximately 62 m2
·2 Bedroom residence plus study with separate entrance
·Transport is conveniently at door and walking distance to Norton Street business hub

Residential Tenancy area: 65 m2

Residential tenancy
Gross Rental potential: $400 per week or $20,800pa gross
Status: Presently not leased
Area: Approx 65 sqm

The property has an income of approx $42,900 pa gross net of GST

Property Outgoings:
As follow are the approximate outgoings for the property (TBC): -

Council Rates: $1,500 pa
Water Rates: $700 pa
Land Tax: Land Value below threshold

Public Auction to be held at Colliers International located on Level 12,225 George Street, Sydney on 24th March 2010 commencing at 10:00am.

Contact
All enquiries, inspection and requests for further information are to be directed to:

Eugene Evgeniko
Mobile: 0416 246 820
Phone: 02 8337 6216
Email: [email protected]

Co-Agent: Allan Dale Real Estate Pty Ltd
Chris Vallas
Mobile: 0412 200 629
Phone: 02 9560 5444
Email: [email protected]