87-91 East Street
Narrandera
Asking Price $380,000
Commercial Building With 10% Return! Trims Building is an iconic building that has been apart of Narrandera's Main street for the past 100 Years. Currently tenanted to long term tenants of over 20 Years by Robinson's Department store. An iconic business in Narrandera having been around for over 100 Years achieving a return on investment at present of 10.95% Net return at asking price with long term lease in place. Features of this property include Two Shop fronts 87 East Street and 89-91 East Street both tenanted by Robinsons's Department store. 87 East street Features approximately 320sqm of shop floor space with two bathrooms at the rear. Also featuring the original brick horse stables at the rear of the property with access via the side lane. 89-91 East street Features approximately 500sqm of shop space with the majority being floor space, two store rooms at the rear, office, strong room and a kitchenette. Lease & Building The building is broken into 2 separate titles 87 East St & 89-91 East Street both properties have identical leases in place to the same lessee. The lease is a 5 year lease ending 30 January 2021 with the option to extend for a further 5 years. The lessee pays all outgoing on the building (see lease attached)
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QPL Real Estate Narrandera
113 East Street, Narrandera 2700, NSW Office - Phone: (02) 6959 4450 Fax: (02) 6959 9102 Andrew Pellow: 0488 226 135 andrew.pellow@qplrural.com.au
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