36 Princess Street, Bundaberg East, Queensland 4670

$249,000 + GST

Date listed: 14/6/2019
Commercial
 

STORAGE SHEDS WITH RESIDENCE

Don't miss this fantastic opportunity to buy a residence to live in or rent out with self-storage sheds that provide a passive income. This property has the potential to be a positively geared Investment!

This package offers 7 self-storage sheds that provide a rental return of approx. $42.00 per unit per week (sheds potential for approx. $295.00 per week fully rented). Upstairs is a comfortable 3-bedroom, 1-bathroom residence with a substantial deck for entertaining and single lock up garage with workshop area. Possible further rental income of approx. $250 per week.

Possible total of approx. income of $545.00 per week fully occupied (sheds and residence).
Potentially if all the sheds and the residence were occupied for 50 weeks a year that's a possible income of $27,250 depending on your financial position with the purchase.
Body Corporate Fees, Sinking Fund Contributions and Insurance Levies:

Total Annually $2,221.00 approx.(approx. $42.00 per week total) so total outgoings for the package including rates are $9,021.00 approx. Annually.

This investment is located on the main arterial road between Bundaberg and Bargara in a great commercial complex with several shops and boasts position, position, position. The storage sheds and residence are on separate titles so this would provide the opportunity to market the sheds and residence separately in the future if you desired.

This offers a number of opportunities:- andbull; Passive investment renting sheds and residence andbull; Live in residence and rent sheds andbull; Use sheds for your own business or personal storage and rent residence andbull; Keep either sheds or residence and sell the other.

No matter what your preference is, this is a great opportunity to generate passive income!

PROPERTY PREVIEW:

Rental Storage Sheds: 7

Residence: 1
Bedrooms: 3
Bathrooms: 1
Toilets: 2
Living Areas: 1
Entertaining Deck: 1
Car Accommodation: 1
Work Shop Area:1

Council Rates:

Lot 5: $1,600.00 (approx.) per half year
Lot 6: $1,800.00 (approx.) per half year

Call Will Brelsford 0498 110... to arrange your immediate inspection today!

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Property Type
Commercial
36 Princess Street
Bundaberg East
Queensland 4670
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