This property was originally built as a bank with an adjoining manager's residence, this unique property provides a fantastic investment opportunity with a large 4-bedroom home that is currently tenanted and has been for the last 20 years by the same tenant, with a return of $400 a month. The Building fronting the street is tenanted by the shire, being the Quambatook Community Resource Centre and provides approximately 60 square metres of commercial space, including a large open/retail area, 2 office areas, storeroom and kitchenette with access to an external toilet at the rear.
The Community Resource Centre is currently paying rent of $250 a month excluding GST and provides a valuable service to the people of Quambatook & the surround Mallee area. The Centre is structured on a 3-year lease with a 3 year plus 3-year option. Secure long-term tenants, this is an investors dream.
Features
- Air Conditioning
- Split-System Air Conditioning
- Split-System Heating
- Fully Fenced
- Secure Parking
- Shed