Moree

161 Balo Street

$950,000 9.6% RETURN

1

STRONG 9.6% RETURN

Original circa 1930s building constructed from full brick walls, concrete floor and galvanised iron roof comprising a double storey building with large internal shops and offices. The premises are fully secured and has been extremely well maintained. The building is divided into individual retail/shops/offices.

AREA: 888.9 sqm

LOCATION: The property is situated in the heart of Moree CBD.


SERVICES: All normal town services are available and connected including town power, water, telephone, sewerage, internet.

TITLE: Freehold. Lot 2 DP 600708

ZONING: B3 - Commercial Core vide Moree Plains LEP 2011. Enquiries with Moree Plains Shire Council Planning Department indicate that all development conforms.

COUNCIL RATES: $13,215.40 per annum.

INCOME: Strong Government anchor tenants in place also pay 29% of outgoings. Medical, dental and solicitor tenants in place also. Current net rent $74,769.71 p/a. There are currently two small vacant offices which is suspected to be leased in the next 3-6 months. If these where to be rented the net rental is expected to be $91,425.71 p/a.


"All care has been taken in compiling this information sheet but it is prepared on instructions and details supplied by the vendor, for whom we act as agents only, and we cannot accept any responsibility for errors or omission (if any). Intending purchasers should satisfy themselves as to the correctness of these particulars."

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