Property

Description

This truly is a wonderful opportunity to purchase a property positioned in Lakemba's "Golden Mile" being the highly populated Haldon Street shopping strip.This huge property has been split into 2 restaurants, the first being one of Australia's biggest franchises "Dominos Pizza" and the second a well know Indian Restaurant.

Dominos Pizza is rented for $55,000 p/a including GST
Indian Restaurant is rented for $40,039.92 p/a including GST

TOTAL RENTAL RETURN: $95,939.92 p/a including GST

You will be looking at approximately an 8% rental return....

Internal size: 331sqm
Total area: 381sqm

There are 3 carspaces registered to the property.

Outgoings are as follows:
Strata Levies: $9,000 p/a
Council rates: $1,700 p/a (Tenant to pay 50%)
Water rates: $1,600 p/a (Tenant to pay 50%)