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Shop 3/47 Station Road, Margaret River, WA 6285

$405,000

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Rare Large Commercial Property Investment Close to Town Centre

To enquire, please email or call 1300 815 051 and enter code 6484 Phone enquiry code for this property: 6484 This very large showroom / warehouse unit, zoned service commercial on busy Station Road is a highly sort after location, which very rarely come up for sale due to their strong passive income generating opportunities. The premises has been permanently leased since its construction in 2007. Construction is of tilt-up panel walls and long-run steel roofing with exposed Anticon insulation under. A toilet with sink is located within the premises as well as three framed rooms. A rear laneway allows for truck deliveries through a roller door located at the back of the building and customer parking is provided within the landscaped common property. The current reliable tenant has a 3 year lease (which begun in May 2019) with 3 year option, which would allow for a GST free sale (SAGC) and return a 4.11 % Net yield on your investment with the added bonus of significant yearly depreciable tax benefits. There is ample space to construct a significant mezzanine floor which would allow for further rental income and capital growth for the astute investor. The solid investment return plus capital growth and yearly depreciable benefits make this a fantastic passive income earning investment, where all outgoings are covered by the tenant. Building Area: 217m2 Zoning: Service Commercial Services: Power, Water, Deep Sewerage, Telephone, NBN. Phone enquiry code for this property: 6484 To enquire, please email or call 1300 815 051 and enter code 6484

First listed on 20 January, this property has been on Realty for 456 days. There are currently 27 properties for sale in MARGARET RIVER.

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Land Area: 2276 m2
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