This large subdivision is up for sale with an accompanying shop or shed located on each LOT.

The subdivision is currently subject to title, passive income is currently being collected from each LOT at the figures outlined below.

LOT 1 - For Sale at $800,000 plus GST (if any)
3 separate sheds located on the LOT with 2 of the 3 sheds being tenanted.
Tenant 1 is paying $23,919.60p/a incl. GST
Tenant 2 is paying $62,076.96p/a incl. GST

LOT 2 - For Sale at $500,000 plus GST (if any)
LOT 2 features a large shed that is currently tenanted until 2018 with a right of renewal. Gross income from this LOT is $54,843.36 incl. GST (if any)

The lease agreement is also subject to water rates.

LOT 3 - For Sale at $400,000 plus GST (if any)
The LOT is also tenanted on annual basis. The gross income from this LOT is $25,392 plus GST (if any)p/a.
The lease is also subject to water rates.

LOT 4 - This LOT has been sold and isn't available for purchase.

LOT 5 - For Sale at $300,000 plus GST (if any)
This LOT has four different available lease locations with all four locations currently tenanted.
Total gross income from LOT 5 with all four locations being leased is $34,464.24 incl. GST
All of the tenants on each LOT pay their own water rates; the landlord is responsible for paying FNDC rates at $20,000p/a for the LOT's.

If and / or when there is an increase the tenants share this increase between them.

This subdivision is primed for purchase by an investor looking to collect some passive return. Good reputable tenants who have been in place for some time now currently inhabit the lease locations.

The vacant display shed in LOT 1 can be fitted out and / or repurposed to let. This will mean another tenant enabling collection of an additional income revenue.


FNK11040