91 Bussell Highway, Margaret River WA 6285

For Sale $1,380,000 as a going concern

Iconic Commercial Premises

• 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

TOTAL $81,687.56 + GST + outgoings

This property is proudly listed by:

Margaret River Real Estate First National PO Box 412
Margaret River WA 6285

Open for Inspection

By Appointment

Additional information

Property Type R, Business, Commercial, I, Industrial, R
Property ID 41049132187
Price $1,380,000 as a going concern
Land Area 1,012 sqm (approx)
Building Area 325 sqm (approx)
Date Available Now