155-157 Victoria Road

INVESTMENT OPPORTUNITY - DRUMMOYNE

Investment opportunity to secure this Victoria Road property presently split into two shops with potential to add first floor office space.

Front shop is presently a hairdresser with a rent of @20,447 Per Ann + GST. Lease commenced 31/08/09 on 3 years with 3 year option

Rear shop is presently a laundromat ar a rental of $44,796 Per Ann + GST. Lease commenced 24/10/09 on 4 years with 4 year option

Gross rent $65,273 Per Ann + GST

OUTGOINGS:
Council Rates: $2537
Water Rates: $880
Land Tax: $2678
Insurance: $3775
TOTAL: $9870

Net Return: $55,403 Per Ann