Overview
- Updated On:
- 28 June 2024
- 255.0 m2
Description
Rare main street commercial opportunity with high visibility
It is rare that a commercial property of this size comes on the market in the Yass main street. Located in a prominent position opposite the Yass Court House, this property has been owned by the same family for over 30 years.
Commercial Property.
Fantastic visibility – one of the most prominent commercial positions in Yass
Currently tenanted to well-known Active Ag Tyre Centre with storeroom, workshop, office space and showroom.
Annual Rent: $39,000 per annum
Outgoings: 50%
Lease Term: 3 years
Rent Review: Annually
Expiry: 31 October 2026
Residential tenancy:
Currently rented for $380 per week for 6 months, the flat has a north facing living room, three bedrooms and a large kitchen. $19,760 pa.
TOTAL RETURN: $58,760 pa
Currently there are three residential developments under construction in Yass, which once finalised will see a significant boost in the Yass population. The commercial precinct from the bridge at 40 Comur Street all the way up to Polding Street will come under increasing upward price pressure due to this population growth and lack of other commercial opportunity in the main street.
Adding to this is the duplication of the Barton Highway and decreasing lot sizes in the ACT and significant price growth also in the ACT
*All efforts have been made to make sure this information is correct, however you should make your own enquires and rely on them.