$450,000 to $480,000
58 Emmett Street, Smithton TAS 7330
Townhouse
4220.0
Block size: 928 m² approx.
Commercial/ Residential Investment
Here is your opportunity to be the next owner of this prominent main street building in the centre of the main street of Smithton. The solid brick 1930's building was constructed as a bank with a generous four bedroom residence at the rear. The shopfront is leased by Spinks Property Services and has occupied by the business since 1988. Commercial lease in place with options until 2030.
Income Spinks Property Services $2003 per month (incl GST) $21,840 p.a. net. The initial 3-year lease commenced 22/5/15 with a further 5 x 3-year options. 1% annual rent increases.
House $290 per week $15,080 p.a.
Total $36,920
Expenses
Council rates $3157
Land Tax $584
Taswater $1140
Management fees $1500
Insurance $2454
Minus SPS share $2440 (50% rates, Taswater and land tax)
Total $6395
Net rental $30,525 per annum.
Features include: Ensuite,Broadband,Deck,Garden,Outdoor Entertaining,Fully Fenced,Builtin Robes,Secure Parking,Reverse Cycle AC
Income Spinks Property Services $2003 per month (incl GST) $21,840 p.a. net. The initial 3-year lease commenced 22/5/15 with a further 5 x 3-year options. 1% annual rent increases.
House $290 per week $15,080 p.a.
Total $36,920
Expenses
Council rates $3157
Land Tax $584
Taswater $1140
Management fees $1500
Insurance $2454
Minus SPS share $2440 (50% rates, Taswater and land tax)
Total $6395
Net rental $30,525 per annum.
Features include: Ensuite,Broadband,Deck,Garden,Outdoor Entertaining,Fully Fenced,Builtin Robes,Secure Parking,Reverse Cycle AC
Inspections
No open inspections scheduled.
Send an enquiry
Contact Duncan Spinks to learn more about this property, request an inspection or take an online tour.
Maps and area information
Block information
Block size: 928m² (approx)
Legal description: 69513/1
Measurements are estimates only and based on data provided under licence from
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Enrolment areas for ACT public schools.
What's nearby
Smithton Primary SchoolPrimary School
1.1km
Smithton High SchoolHigh School
0.5km
North West Regional HospitalHospital
1.1km
Telstra Smithton ExchangePost Office
0.2km
Tafe Smithton CentreTafe
0.5km
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
03 Feb 2009
Sold
$190,000
Contract: 03/02/2009
Block size: 928m²
Purpose: Business and residence
02 Jun 2003
Sold
$157,500
Contract: 02/06/2003
Block size: 928m²
Purpose: Business and residence
17 Jun 1988
Sold
$118,080
Contract: 17/06/1988
Block size: 928m²
01 May 1985
Sold
$112,000
Contract: 01/05/1985
Smithton suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
44 years
Population
3,934
Listing ID: 181817640. This listing has been viewed 33 times. It was first displayed on 01/08/2023 and last updated on 31/10/2023.
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.