Rare Mixed Use Commercial/Residental Property With Huge Potential Income
This beautiful limestone block, mixed use commercial/residential property provides a unique opportunity and potentially huge rental income.
Situated in the town of Exmouth, this property offers a 1266sqm fully fenced block built with 5 commercial units approved for workers accommodation and/or professional offices. The property layout in addition to the 5 units includes a 12 x 10 concrete tilt up workshop at the rear right hand side; a private residence at the rear left side of the property comprising of 2 open plan units under one roof. 5 Pellew St also has a 5 kw solar system, CCTV security cameras and 3 phase power and sensor lighting.
Current rental income on 3 of the commercial units @ $450pw + gst and outgoings = $70,393pa
Potential income - 5 Units @ $450pw + gst and outgoings = $117,321+ gst and outgoings - 1 Bedroom Studio $500pw = $26,071 - 1 Bedroom Unit $650pw = $33,892 - Workshop: include with the unit or rent as a separate entity. The choice is yours. - Total $177,284 + pa.
COMMERCIAL AREA: Huge Workshop and 5 Units which can be used for staff/workers accommodation with council approval.
5 x COMMERCIAL UNITS - Each commercial unit has a floor area of 45sqm; - Tiled with built in kitchenettes (except one office) - Cooled by Daikin air conditioning - Communal toilet block that offers men's, ladies and disabled toilets - Communications room with optic fibre lead in
12 x 10 WORKSHOP - Complete 12 x 10 concrete tilt up workshop with kitchenette; office & bathroom/laundry; - Mezzanine floor with upstairs area fully airconditioned (previously used as a bedroom) - 5 KW Solar system & GAS hot water system - Safe Room with keypad lock - Lockable office, fully tiled and airconditioned, can also be used as a bedroom.
RESIDENTIAL (2 UNITS UNDER ONE ROOF WITH SEPARATE ENTRIES) The residence offers 2 open plan units under one roof; separated by a common wall with separate entrances to each unit creating complete privacy for each unit. Ideal for workers accommodation.
A unique build and one that needs to be viewed to be appreciated. Don't miss out on this rare opportunity. Call Darren Cossill to arrange a viewing on 0439 931 877.
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Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.