Real Estate Development and Rental Goldmine

Expressions of interest are being sought for a prime parcel of real-estate in Toronto which is ideally located in a busy street of the city of Lake Macquarie between the fast growing regions of Newcastle and the Central Coast. It is approximately 28 kilometres (17min) from Newcastle’s central business district and is a commercial hub for the sprawling suburbs on the western shore of the lake.

The adjoining properties are ideally suited to future development and has an estimated market rental return of $209,020pa.

The real-estate available for sale and an overview of the rental return currently achieved includes:

# 1 James Street, Toronto – Current Long term tenant – Motorcycle showroom, retail, service and mechanical repairs centre $65,000pa

– 3 James Street, Toronto – Current Long term tenant – 2 bed house $240pw or $12,480pa

– 5 James Street, Toronto – this includes 4 separate premises that includes the following:

– 5 – currently tenanted by a national retailer for $910pw or $47,300 pa

– 5A – not currently tenanted, est. $300pw or $15,600pa

– 5B – currently tenanted to a mechanical repair business – current rent is $660pw or $34,320pa

#5 C – currently tenanted to an upholstering business – current rent is $660pw or $34,320pa

All enquiries should be directed to the agent detailed hereunder and will be treated in strict confidence.

#12213

Broker: Ian Jones

0402 111 500

For more information about this business or complete an online confidentiality agreement visit this business at: http://ift.tt/1AKxDaG

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

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