160 Agnes Street, GEORGE TOWN – $285,000 plus GST if applicable
Potential to display a Circa 10% Net Yield
For sale is this very generous 1988m2 footprint incorporating approximately 275m2 of main building along with additional outbuildings to the rear consisting of a 60m2 workshop and 9m2 garden shed. The property is currently owned and occupied by the not for profit organisation “Wattle Group Inc”.
The Wattle Group have occupied the site since 2002 and are wanting to stay on through to 30th June 2020.
*Wattle Group Inc are willing to enter into a lease under the noted commercials:
Commencement Rent: $27,900 Net pa
Commencement date: At date of Settlement
Term: Through to 30th June, 2020
Outgoings: Additional to rent and payable by the tenant
Review: CPI at anniversary of commencement date
The property is zoned “General Residential” with scope to continue with its current use or implement other uses relating to the General Residential overlay.
The site boasts dual access with excellent off street parking and street exposure and sits directly opposite the Port Dalrymple School, only a minutes drive to George Towns CBD.
For further detail contact the agent.