501 – 503 Chapple Street presents a truly unique investment opportunity in the Heritage City of Broken Hill. The building comprises of four commercial tenancies and two residential tenancies with a combined gross income of approximately $80, 000 PA. The commercial tenancies comprise of a longstanding local bakery, local builder, parts supplier and mechanic all on periodic agreements. There are two residential units one leased at $225.00 per week and another at $250.00 per week both leased on a periodic basis.
This complex offers the ideal investment opportunity for the astute investor and has been tightly held by the current owner for over 30 years.
The building is located on a prominent block of North Broken Hill and provides both onsite parking for tenancies and ample street parking for customers and clients. The complex is cemented in Broken Hill history. Contact Century 21 McLeods on 08 8087 2297 for further information.
Please note our office will be closed from 3pm Friday the 20th of December, 2024 and will be reopening on Monday the 6th of January, 2025 at 8:30am.
Please see link below to make an offer on this property
https://www.cognitoforms.com/century21mcleods/century21mcleodsbrokenhill
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Council Rates: approx. $8,105 per annum
Water Rates: approx. $3,200 per annum
Agents Note:
The property will remain on the market and offers will be presented to the vendor/s up until an exchange of contract has occurred.