88-90 East Street, Narrandera
$295,000 Information Memorandum
Index Overview Floor Plan CafĂŠ and Store Outdoors
Page 3-4 Page 5 Pages 6-8 Pages 9-10
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Stylish Commercial space Discription 88-90 East Street offers an abundance of potential, with nothing else on the market quite like this, it is sure to go quick. This property is rich in history constructed in the early 20th century This property is full of historical and ornate features Currently being leased to long term tenants of over 9 Years using the area as a Boutique store, Florist and Popular cafe. Offering 2 shop fronts which are currently being used by the one tenant which then leads to the extremely large main area where the cafe operates from which also offers side access from the hallway. The shop then leads to another large area that has been separated into a second kitchenette and space for a florist. The property also boasts a beautiful outside entertaining area which gives access to the external 1 bedroom flat at the back of the property currently being utilised as storage rooms.
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Lease & Outgoings Council rates approximately ($2200 per annum) and insurance on the premises is paid buy the landlord all other outgoings are paid by the tenant. This property has been tenanted by the same tenant for the last 9 years at a current rate of $20,857.14 per annum. There is no current lease in place at the present time the tenant may be willing to sign a lease with the new owner Layout This property is currently tenanted by the one tenant although it does offer 3 separate entrances. Giving it the potential with some renovation to be used by 3 separate tenants + it also features a 1 Bed room flat at the rear with some minor renovations achievable of $180-$200 per week The Property features grand high ceilings giving it copious amounts of space an the option to add a loft if desired. Lease Options The current tenants are willing to negotiate all lease options with potential new buyers
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Floorplan
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Café & Store
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Outdoor Areas
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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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