For Sale | R, Business, Commercial, I, Industrial, R | 91 Bussell Highway, Margaret River WA 6285 | $1,380,000 as a going concern

Iconic Commercial Premises

  • 1,012 sqm Land Area
• Investment opportunity in high exposure location.
• 1012m2 commercially zoned block with 365 m2 of premises.
• Two separate galleries offer a multitude of investment options.
• Appealing structure with Margaret River mud bricks features.
• Onsite Parking available - 13 bays.
• Set amidst shops, galleries, restaurants and other tourist attractions.

BUILDING SIZE
Total Lettable Internal Areas = 289.25 m2
Total Lettable Areas including all verandahs = 364.25 m2
Northern Gallery - Internal including loft = 176.5m2
Northern Gallery - Internal including loft plus verandah = 196.5 m2
Southern Gallery - Internal = 112.75 m2
Southern Gallery - Internal plus back verandah (27m2) and front verandah (28m2)
= 167.75 m2

OUTGOINGS 2016/17:
Shire Rates $12,530.52
Land Tax $1,275.00
Water Rates $1,502.48
Insurance $3,209.50 (Public Liability and Building)
Total $18,517.50

RENTAL INCOME
Southern Side $35,062.56 ($2,921.88/mnth) + GST
1 year – year commencing 01/01/2018
1st Further term – 2yrs
2nd Further term – 2yrs
Variables $720.45/mnth +GST
Rent reviews 3% annually with Market Rent Review at commencement of the 1st and 2nd further term.
Northern Side $46,625.00
Sellers will commit to a 2 year lease with 2 + 2 year Option.
Alternatively, vacant possession can also be accommodated with a few months notice.
TOTAL $81,687.56 + GST + outgoings

Property Type R, Business, Commercial, I, Industrial, R
Property ID 41049132187
Street Address 91 Bussell Highway
Suburb Margaret River
Postcode 6285
Price $1,380,000 as a going concern

Open for Inspection
By Appointment