Comprising 2 shop frontages, residence upstairs & large storage area.

Situated in a developing CBD area, close to shops, restaurants, government offices & recently refurbished unit accommodation.

2 SPACIOUS SHOPS/OFFICES: with good window display areas. Both offering toilet amenities & lane access to lock-up garage. Annual rental income of $26,460. Tenants pay for Plate Glass insurance.

RESIDENCE: Upstairs consists of 5 large bedroom, open plan living in an all-electric kitchen/dining, spacious lounge with air conditioning, bathroom & laundry. Residence is vacant, however approx. rental of $300 p.w, being $15,600 p.a is achievable.

STORAGE AREA: Lane access to large storage area or 6 car accommodation.

Gross rental: $42,000 p.a.

Less rates:      $4,200

Insurance:      $2,244

Net:              $35,556.

Ideal investment. Showing an excellent return of 8% p.a.

Price - $435,000

Address 92 Otho Street, Inverell
Price $435,000
Property Type Commercial
Property ID 329
Category Other
Warehouse Area 640m2

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Wally Duff

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