Block size: 710 m² approx.Office size: 342 m² approx.
40 Wade Ave, is the commercial opportunity you have been waiting for.
With a first-Class location, a strong tenant and exciting cashflow, we ask you to consider the following.
• B3 Zoning on a 710m2 block in the heart of Leeton's CBD The building has been renovated and designed to suit the current tenant who requires specific modifications to allow them to operate. Enquire with the agent for a more detailed scope of Works'
• A lettable area' of 342m2. The building is a great size and in above average condition when considering other commercial options. Inspections available upon request.
• Current Annual Rental income of $93,500 (GROSS) Excising lease runs until November 2021 with an additional 4-year option.
The tenant is a government organisation requiring certain features in a building to be viable. The current fit out was done in collaboration with this tenant and should hold things in good stead when it comes time to renew the lease.
An Auction Guide of $655,000+ makes this an exciting proposition for all investors when you compare it to the return you may get on other investments
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.