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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THOUGHTFUL AND PROFESSIONAL

Caroline was very thoughtful and professional going out of her way to keep us up to date and providing all of the information we needed during the purchase.
We look forward to working with Glenn Preston Real Estate in the future as they manage our investment. Thanks again Caroline!

- STEVE & LEONA
WARRIMOO

EASY AND ENJOYABLE

Hi Glenn,
I would like to take the opportunity to say thank you for your assistance with my purchase!
What could have potentially been difficult in buying a property where I am not in the area, you made it an easy and enjoyable process.
I would have no hesitation in recommending your team to anyone when it comes to buying and selling in Leeton!

- BRAD
RUSE

EXTREMLY HAPPY

Cannot find fault with anything. Already purchased two homes and sold one home through Glenn in the last twelve months.

- Jane
Whitton

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 advice 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