Multi Tenant Commercial Space & Accommodation Investment

The Royal Mail Hotel would arguable be the statement building for Narrandera’s CBD. Positioned pride of place in the centre block closely neighboured by banks, council chambers, and retail space.

The Royal Mail consists of:

Ground Floor
– 5x commercial tenancies pharmacy, fusion op-shop, Laverty Pathology and hairdresser all on fixed-term leases with 1 vacant commercial premises available. Current return $76,099.21 + GST + outgoings.
– Multiple parking spaces to the rear of the building

Second Floor (recently renovated) Lease at $33,800 per annum + GST + 10% commission on all bookings
– 5 bedroom 1 bathroom manager’s quarters
– 11 x double room accommodation upstairs with additional kitchen, living, and dining area
– 3x communal bathrooms
– Front balcony area
– Electrical and fire safety equipment recently updates

Presently, this property offers the prospective purchaser a return of $109,899.21 + GST + portion of outgoings + Commissions with long term leases in place to major income tenancies.

For further Information Memorandum, or to inspect this property, please feel free to contact Andrew Pellow 0488 226 135.