Bayswater

MULTIPLE INCOME STREAM - MIXED USE INVESTMENT

Appleby Commercial is pleased to offer 610 Mountain Highway, Bayswater to the market for private sale.
Situated within a strip shop complex within an established residential catchment, this property offers an excellent investment opportunity for the astute investor.
The property is a mixed use development comprising a retail shop at street level on Mountain Highway and three residential apartments.
The property is fully tenanted and currently returning a net rental income of $74,300 per annum.
Appleby Commercial recommends all investors to seriously consider the opportunity this property has to offer.

Lease Details - Coin Laundry  
Tenant: Bayswater Coin Laundry
Lease Commenced: 03/09/2024
Term: 5 Years
Further Options: 5 x 5 Years
Current Rental: $31,200 P/A Plus GST & O/G’s
Reviews: Annual 3.0%

Lease Details - Unit 1/610 Mountain  
Lease Expiry: 06/05/2025
Current Rental: $20,868 Per Annum
Rental Includes Water & Electricity
Bond Held: $1,560

Lease Details - Unit 2/610 Mountain  
Lease Agreement: Month to Month
Current Rental: $20,868 Per Annum
Rental Includes Water & Electricity
Bond: No Bond Held

Lease Details - Unit 3/610 Mountain  
Lease Expiry: 09/05/2025
Current Rental: $18,252 Per Annum
Rental Includes Water & Electricity
Bond Held: $1,521

For more information or to organise an inspection, please contact Appleby Commercial on (03) 8727 9555.