$240,000 - 6.55% NET RETURN
PRIME LOCATION WITH TENANT IN PLACE
The subject property is very well located on Frome street with surrounding developments including McDonalds, KFC, a service station, Moree Medical centre and other similar type of business.
Title - Lot 1 DP 3414973
Area - 1012 sqm
Zoned B3 - Commercial Core vide Moree Plains Shire LEP 2011 and is perfect for any retail or goods and services you have to offer to Moree.
Rates - approximately $5,428.35 p/a
Rental - Long term tenants currenltly paying $430 per week.
Net Return - 6.55%
Property Improvements -
* Brick and Aluminium Shop Front with Original Weatherboard Building to the Rear
* Central Location Opposite McDonald's and Caltex in South Moree
* Building approximately 147 m2
* Kitchen & bathroom facilities
* Offices + front showroom/reception area