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Little Outlay – 12 % Nett return

Commercial investors take note – This property of approx. 239 m2 consists of 2 shops with frontage to busy Vincent Street in the heart of the Cessnock CBD. There are tenants occupying both premises, one being a long term tenant of approx.. 17 years, and the other with a brand new lease. Combined they provide a nett income of approx.. $31 000, which based on the asking price represents a huge 12 % return approx..after costs.
Those that know the market would be aware that most residential property at this price under current rental conditions would be lucky to return half that of this property.
The vendor has a genuine interest in selling the properties and has instructed that they are to be sold together as a package.
Don’t miss this great opportunity.

39-41 Vincent Street, CESSNOCK

Little Outlay – 12 % Nett return -image 1
Little Outlay – 12 % Nett return -image 2

Contact Agent

1

1

Description
Little Outlay – 12 % Nett return

Commercial investors take note – This property of approx. 239 m2 consists of 2 shops with frontage to busy Vincent Street in the heart of the Cessnock CBD. There are tenants occupying both premises, one being a long term tenant of approx.. 17 years, and the other with a brand new lease. Combined they provide a nett income of approx.. $31 000, which based on the asking price represents a huge 12 % return approx..after costs.
Those that know the market would be aware that most residential property at this price under current rental conditions would be lucky to return half that of this property.
The vendor has a genuine interest in selling the properties and has instructed that they are to be sold together as a package.
Don’t miss this great opportunity.

Agent Details
Rachael Brecht

Director - Residential & Commercial Sales

mobile 04093273...

office (02)499140...

emailrachaelb@jurds.com.au

Agency Details
Jurd's Real Estate

location

Shop 3, 115 Vincent Street Cessnock NSW 2325

Key Details
property ID 178501
land size 238m2
build size 238sq
council rates $720.00 approx (Combined)
water rates $720 approx (Combined)
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