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What a return... Over 19%!

Cobar, 19-23 Marshall Street

$195,000 No GST

Listing Number: LRL6282
About this listing
Located in Cobar's main Street, this impressive investment offers a great return of 19.23% approx.
Comprising of 3 spacious shop fronts and an adjoining 3 bedroom residence.

19 Marshall Street—Occupied by a video shop with a long rental history since 2013, leased to December 2018. Features evaporative cooling & spilt system air conditioning. Adjoining 3 bedroom residence with ducted evaporative cooling & wood heating. Outside features an enclosed yard with single car garage and rear access and leased to December 2018.

21 Marshall Street—Occupied by a hairdressing salon, leased to December 2018. Features large open floor area, evaporative cooling, 2 store rooms & shared outside courtyard with rear lane access.

23 Marshall Street—Occupied by Banardos with a 3 year lease to January 2021, option to renew and 3% annual rent Increase. Featuring spacious shop front, office, store room & kitchenette

Total ROI: $37,751.36 annually, approx.
Total land area: 1089m2 approx.

This is an outstanding investment opportunity not to be missed.
Property Information
  • Land Size: 1089 sqm
  • Property Type: Retail, Tenanted Investment

Contact Details

Property Location

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