Glenn Preston Real Estate
Call Us: 02 6953 6522
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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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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

PROFESSIONAL SERVICE

Recently bought a house from Glenn Preston Real Estate. Very impressed with the service and professionalism, would highly recommend this agency. One happy buyer
Thanks Again Glenn
-Melanie

- Melanie
Ambarvale

AMAZING SERVICE AND GREAT COMMUNICATION

What amazing service from Glenn. Kept the communication between us to ensure I knew what was happening each step of the way. Glenn went out of his way to ensure the house was clean before we moved in. I would totally recommend buying a house through Glenn Preston Real Estate.

- Lexi
Whitton

WELL ADVERTISED AND SOLD QUICKLY

Congratulations and many thanks for the sale of my property, well done! This has been home for me for over eight years, I’ve been happy there too. The property sold quickly as it was well advertised locally and by the internet, sold quickly within 90 days, thank god! People say it pays to advertise, this has proved to be true. Position and maintenance of the household also matter. Well Done!

- Patricia
Leeton