Chinchilla

SOLID INVESTMENT PROPERTY

Opportunity to secure this investment property with prominent Warrego Highway exposure.
The business has been operational at this address since the 1960’s and the current business owners has operated the business since 2016.
The business Mini Motors Chinchilla are agents for Honda Power Equipment, Stihl, Masport and other associated brands servicing a large rural region.

The building is of brick construction with hardwood timber floor on both levels.
Approximate floor areas are 500m2 of showroom, office, workshop and amenities.
Upstairs storage area of approximately 300m2.
The workshop area has been restumped with adjustable stumps in 2018.

Current rent is $46,800 P/A + GST
The owners pay the property insurance of $2,850 P/A. The tenants pay the WDRC Rates and Water charges.
This equates to an approximate Net Rent of $44,000 P/A + GST.
The current lease expires 31/12/2025 and has 2 x 2 year options.
Annual Increase of 3% P/A.

Land Area of 1,414m2 with rear access from Boyd St.

For further details contact Exclusive Marketing agent Warren Daniells on 0427 468 591 or Krista Paterson on 0427 263 579.

NB: Prospective purchasers should satisfy themselves by inspection or otherwise as to the accuracy of the above details.