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    • About this property
    • Explore Springwood
    • Invest or Owner Occupy - High Profile Site

      Property ID 1670853
      37 WATLAND STREET, SLACKS CREEK

      Prominently located in busy Watland Street, this impressive single level property is offered to the market for the first time in over 20 years. Providing four shop fronts (currently in a two tenant configuration) with a nett lettable area of 379m2 erected on a 1,014m2 allotment with a front concrete parking area for sixteen (16) vehicles, this property is ripe for both long term investment, owner occupation or a combination of the two. Offered for sale with two long term tenants (one on a monthly tenancy), the opportunity to capitalise on the position of the property, the strength of the surrounding market and the proximity to the M1 Motorway make this an outstanding proposition.

      TENANT - Silver Star Hair
      AREA - 187m2
      GROSS RENTAL - $25,782 + GST
      COMMENCEMENT - 1st November 2014
      TERM - 3 + 3
      REVIEW - CPI INCREASE

      TENANT - Fine Lines (Beauty)
      AREA - 192m2
      GROSS RENTAL - $26,223 + GST
      COMMENCEMENT - 1st December 2010
      TERM - Monthly
      REVIEW - N/A

      CURRENT GROSS INCOME: $52,005
      LESS OUTGOINGS: $17,000
      NETT INCOME: $35,005 PER ANNUM

      $690,000 (No GST - Going Concern Exemption Applies)
    This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.