Kitchen
Here is your opportunity to be the next owner of this prominent main street building in the centre of the main street of Smithton. The solid brick 1930's building was constructed as a bank with a generous four bedroom residence at the rear. The shopfront is leased by Spinks Property Services and has occupied by the business since 1988. Commercial lease in place with options until 2030.
Income Spinks Property Services $2003 per month (incl GST) $21,840 p.a. net. The initial 3-year lease commenced 22/5/15 with a further 5 x 3-year options. 1% annual rent increases.
House $290 per week $15,080 p.a.
Total $36,920
Expenses
Council rates $3157
Land Tax $584
Taswater $1140
Management fees $1500
Insurance $2454
Minus SPS share $2440 (50% rates, Taswater and land tax)
Total $6395
Net rental $30,525 per annum.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.59 km | 3 | 1 | 96m2 | Year 2025 Month 01 Day 19 | - | Council approved | |
 | 0.41 km | 2 | 1 | -m2 | Year 2024 Month 11 Day 24 | $317,500 | Council approved | |
 | 0.72 km | 4 | 2 | 154m2 | Year 2024 Month 11 Day 13 | $440,000 | Council approved | |
 | 0.32 km | 3 | 2 | 152m2 | Year 2024 Month 10 Day 31 | $250,000 | Council approved | |
 | 0.34 km | 3 | 1 | 184m2 | Year 2024 Month 09 Day 08 | $489,000 | Council approved |