Property ID : 160036
For Sale $1,300,000.00 Price guide - Commercial
For Sale – Commercial Property at Prime Location
For sale this centrally located commercial property amidst the Pendle Hill busy business district, this well-presented street front shop with its fixtures and ample opportunity for improvement is a solid investment with plenty of creative potential. Rear lane access with lots of parking around the property and closeness to the train station makes it a unique commercial opportunity in a spacious, first rate setting.
It’s a dry cleaning business at the premises with an existing lease for five years starting from January 1st 2017 with an option for further five years. The outgoings are paid by the tenants and the weekly rent is $800.00 per week plus GST. It’s location provides perfect opportunity for investors to harvest ample profits in the future with the changing local market scenarios and development opportunities.
Rental Return: $41,600.00 per year excluding GST
Outgoings: Paid by the Lessee
Current Lease: 5 years + 5 years starting from January 1st 2017
Pendle Hill, New South Wales
Pendle Hill is a suburb of Sydney, in the state of New South Wales, Australia. Pendle Hill is located 30 kilometres west of the Sydney central business district, in the local government areas of Cumberland Council and City of Parramatta and is part of the Greater Western Sydney region.
Pendle Hill has a large shopping centre with just over 50 specialty shops beside the railway station. It contains many supermarket, discount stores, grocery shops, specialty shops, real-estate agent, bank, and cafes, fish markets and butchers.
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