$375K
$58,956
"Whilst the renovations are not complete as per the photographs, this is a great entry into the market for a purchaser who is looking to establish a business plus provide some on premises both for the owners and also the opportunity for guest accommodation following completion of the renovations. The vendor is unable to complete the renovations that have been commenced. The inclusions in the kitchen for the shop appear to be sound and be workable following connection to the required services. The old Butchers Shop, Livestock Agency and the Garage do require some work to either establish residential accommodation or business use. Genuine vendor who is seeking realistic offers. Private and time friendly inspections by appointment. The actual street numbers are 24, 26 28 Kindra Street Rand NSW 2642. Disclaimer All care has been taken in compiling these particulars, but the vendor and their agents do not guarantee the details and cannot accept responsibility for errors or misdescriptions if any. Intending purchasers should satisfy themselves as to the correctness of details. Property Code 2360"
Below are some similar properties in the area you may be interested in.
-
68.8%
-
-
-$10,000
-$5,934
5.1%
3.7%
-10.1%
6.0%
Asking Price
$375,000
Estimated Purchase Price
$375,000
Stamp Duty
$11,610
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$37,500
Reg. Mortgage
$164
LMI Premium
$7,486
Renovation Costs
-
Total Cash/Equity Required
$58,956
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$19,240
$27,385
Property Management
+7.7% PA
$1,481
$2,109
Rates
+3.0% PA
$583
$761
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$13,799
$20,109
Interest Repayments
$22,275
$22,275
Net Cashflow Before Tax
-$8,476
-$2,166
Depreciation
-
-
Tax Offset
-$2,543
-$650
Net Cashflow After Tax
-$5,934
-$1,516
Assumptions
Year 1
Year 10
Property Value
6.8%
$389,820
$704,702
Loan Balance
I.O
$337,500
$337,500
$52,320
$367,202
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 19.0%
Manufacturing - 17.0%
Accommodation and Food Services - 12.0%
Retail Trade - 8.0%
Others - 44.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply