Lot 1 75-77 Bold Street LAURIETON NSW 2443
$699,000

DESCRIPTION

A multi tenanted option being in sold in one line, Lot 1 at 75-77 Bold Street consists of two commercial office spaces with long term tenancies in place. With a total floor area of 297sqm, and additional car parking and storage comprising 56sqm, along with rear lane access to a large common area car park this strata titled investment is a prime opportunity to secure your next long term investment. Only two owners own one lot each for easy management of the strata, Professionally looked after by a local Port Macquarie strata manager.
* Tenancy one is a travel agency - current lease in place until July 2025 with 2 + 2 year options in favour.
* Tenancy two is a bank - current lease in place until March 2025 with three options of 12 months each

Total gross rent is $56,265.72 per annum (no GST).

Statutory Outgoings (strata fees and council rates) total approx. $9,724.80.

Important information:
* Strata titled building.
* Zoned E1 Local Centre
* Large shared car parking for tenants at the rear
* Rear access via public laneway
* Excellent exposure in main street location
* BUSINESSES ARE NOT FOR SALE
* ALL BOUNDARY MARKINGS ARE APPROXIMATE
* $699,000 (no GST as going concern) showing a net return of approximately 6.75%

We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.