Withheld
$86,198
"Very rarely can you find a mixed use property that combines business with residential spaces. The offering comprises a commercial caf space, with a 5 year lease with options for a further 5 years, and 3 residential tenancies leased with secure tenants. The Tamar River enhances the ambience of the location while the proximity to the water also complements the lifestyle that is enjoyed by the residential tenants and traffic to the cafe. In addition, two further dwellings, each entirely independent, deliver pleasing investment returns on an allotment where second access from Archer Street inspires consideration of development scope if so desired, STCA. Its location on the Tamar Wine Route attracts a good flow of local, interstate and international trade. Cafe Lease 5yrs with a 5 yr option. Residential leases all annual. Total approximate gross income 77,532 Further details available on request"
-
78.2%
$426K
5.7%
$5,000
-$19,557
-
-
-30.6%
6.0%
Asking Price
-
Estimated Purchase Price
$390,000
Stamp Duty
$13,573
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$39,000
Reg. Mortgage
$152
LMI Premium
$8,621
Renovation Costs
-
Total Cash/Equity Required
$63,976
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
-
-
Property Management
+8.8% PA
-
-
Rates
+3.0% PA
$1,572
$2,051
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
-$4,772
-$6,226
Interest Repayments
$23,166
$23,166
Net Cashflow Before Tax
-$27,938
-$29,392
Depreciation
-
-
Tax Offset
-$8,381
-$8,818
Net Cashflow After Tax
-$19,557
-$20,575
Assumptions
Year 1
Year 10
Property Value
6.8%
$421,860
$762,623
Loan Balance
I.O
$351,000
$351,000
$70,860
$411,623
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2021 Population
Suburbs
Education and Training - 14.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Days of Supply
Sold Price
Asking Price