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Two leasehold properties in Coorow, approximately 265kms from the Metro area. Coorow is predominately a farming town. There is a primary school K-6 in town and a high school just 15 minutes away. There is a hotel, fuel station, hardware store, Bendigo and Bankwest Agencies, and the Shire of Coorow main admin office is located near these properties on Main Street.
Lot 93 has been leased to the nationally operated Agribusiness Company Elders for 2 years with a 2-year option at $18,000 plus GST and outgoings. Annual reviews are at CPI and a market review at the option period.
Lot 94 is a Supermarket, Post Office and Liquor Store and will be leased at $20,000 per annum plus GST & outgoings.
The two lots make up the size of 2024m2. A recent valuation executed by Herron Todd White put the land at $140,000 and buildings at $260,000 culminating in a valuation of $400,000. This represents a capitalisation rate of approx 9%.
The asking price is $400,000.
Real Property Included
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