TWO freehold blocks of land in Toronto, one an industrial-zoned waterfront, will go under the hammer next Saturday, December 6, at 2.30pm on site.
"Rarely do these sorts of properties ever come up for sale," said the listing agent, Noel McFarlane from Noel McFarlane Real Estate.
Situated at 27 and 29 Day Street, No. 27 is a 1502-square-metre land parcel which consists of older-style buildings, three with long-established tenants returning $40,976 per year gross and with a potential annual income of $55,776 per annum if fully let.
29 Day Street backs on to Stoney Creek and has boat ramp access opening out into Fennell Bay and Lake Macquarie.
The improvements consist of a large warehouse constructed of besser block and metal sheeting, with a long-established marine repair and boat sales business.
There are 900 square metres of yard space used for display and storage of marine craft with a marine slip for uploading and slipping of marine craft.
It provides a rental income of $60,000 per year plus GST plus outgoings.
Kotara: News outlets turn over $2.3m
WESTFIELD Kotara's Nextra Newsagent and News 2U Shop are for sale through Bizsmart agent Mal Harrison.
Located in one of the largest shopping centres in the Newcastle and Hunter region, and asking $950,000, the price reflects complete fit-out of each shop and all assets, Mr Harrison said.
The leases include Nextra ground floor (seven years and five months to April 30, 2016) and Nextra Newsagency Shop 1033 and News 2U Shop (licence from June 14, 2014 to February 28, 2015).
The businesses offered for sale include the News 2 U retail store located on the upper floor near the Food Court and the franchised Nextra store located on the lower floor directly opposite Coles supermarket.
"The fully staffed and owner-independent stores are currently turning over $2.3 million per annum (having achieved $2.6 million in recent years) and achieving an adjusted net profit of over 30 per cent to a working couple based on recent results," he said.
Each of the stores sells a large range of newspapers, Lotto, magazines, cards, gifts, snacks and confectionary in strategically placed retail locations in a major regional shopping centre.
The business operates an off-site newspaper run delivering more than 3000 papers weekly and is an authorised publishers' distributor to several sub agents.
Mr Harrison said there was an option to negotiate occupancy for the first-floor shop at the end of February 2015.
"An involved owner-manager on the floor dealing direct with reps and customers alike will easily significantly enhance the already healthy bottom lines," he said.
Singleton: Steady income flowing
A FULLY tenanted industrial workshop and warehouse facility at Singleton is for sale.
To be offered by auction on Thursday, December 11, 7 Enterprise Crescent, Singleton, is listed through Knight Frank Newcastle agents Ross Cooper and Josh Smith.
The site has a high clearance industrial facility comprising an existing brick office building and associated metal clad warehouse with two roller door access.
A new workshop/factory building adjoining the existing facility was built in 2012. The main workshop area is of metal-clad construction with access via two roller doors (7.7-metre high clearance) plus an adjoining ground-floor office and mezzanine office areas with six offices, a kitchen and associated amenities.
The new facility is 9.5 metres to the under side of eave, with roof pitch comprising 12 metres.
An adjoining hardstand incorporates 26 designated car parking spaces plus a wash-down bay.
Located with access and frontage to Enterprise Crescent within the Maison Dieu Estate, at McDougall Hill, the facility has a flexible B5 Business Development zoning and level site area of approximately 3297 square metres.
It also has an executed five+five-year lease which commenced August 30, 2012, at a net income of $169,744 per annum.
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