Glenn Preston Real Estate
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18-22 Kurrajong Avenue, Leeton

$975,000
  • Bedrooms: 10
  • Bathrooms: 4
  • Car Spaces: 6
  • Property type: Block Of Units

AUCTION FRIDAY 17TH AUG. 18 2:00PM ON SITE

Opportunity for investors to purchase Colonial Office Block which includes a nice balance of corporate and residential tenancies with long term leases.

COLONIAL OFFICE BLOCK
This beautiful building has been extremely well maintained and has a floor area of 384m2 and consists of office space and large open space work areas. A new 5yr x 5yr commercial lease commenced on 1st June 2018 with a secure corporate tenant.

RESIDENTIAL PREMISES
Situated directly above the main office complex, is this spacious four bedroom residence. These premises have previously been used for commercial office space and could serve that purpose again. Given it's central location, finding tenants has never been a problem.

TOWN HOUSES
Directly behind the Colonial Office Block, stands two, three bedroom town houses. Each town house has long term tenants who have both resigned new 12 month leases.

RETURN
This complex has an annual return of $73,480 per annum. The commercial lease has CPI increases whilst the residential tenants will continue with market rents.

FUTURE POTENTIAL
The property has a DA approval to be sub-divided into three separate lots. This could be beneficial to the person who wants to free up cash at a later date and maximize their returns.
There could also be an option to offer the property in separate portions on the day of the auction if it fails to sell as a whole.
Contact the selling agents for more details.

ADDITIONAL FEATURES

  • Built-in Wardrobes
  • Dishwasher

Location

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PRIVILEGED

Thank you. We had the privilege of working with Caroline and Glenn in the process of selling our father's home, they were very professional and worked extremely hard to make the sale a success for our family.
They facilitated and helped by providing valuable advise and information on every step of the way in achieving a sale.
We would like to thank you for your invaluable assistance in the sale of our father's home in Wade Avenue, Leeton. Your availability enhanced the speedy sale and we very much appreciate all of the time you invested, along with the patience and professional courtesy.

- BRIAN & PAM
LEETON

EASY COMMUNICATION

I would like to thank and congratulate Caroline on the sale of our property 30 Muntenpen Street, Leeton.
Caroline was so lovely and professional and very easy to communicate with and worked hard at finding a buyer for us.
I would recommend Caroline to anyone to handle your property sale and wish her the best of everything for her future in Real Estate

- Rob & Val
LEETON

SERVICE IS GREAT

The service is great. I am so happy to hear that my house has been sold. Great job, keep the good work up.

- Nancy
GRIFFITH

VERY HELPFUL

Caroline and the team, thank you very much. You were very good, very helpful. We have a beautiful home.
Thank you so much.

- Mohammad
LEETON