5/3 MANNING STREET, KINGSWOOD

Shop and Apartment Close to University

This shop and apartment are superbly located in a busy neighbourhood complex with approx. 5m glass shop front. The shop features air conditioning, kitchen, amenities and is currently rented as a Chinese Restaurant. Some internal partitioned rooms being Restaurant and kitchen areas. Currently tenanted with the lease expiring 16/7/17 with a further 3 yr option. Rent $500.00 PW Apartment is 2brm, lounge/dining bathroom and own laundry. It has as a large patio and is currently rented for $265pw Total rental income:$39780.00 PA Expenses: Water Rates: $756.00 per qt approx Council Rates: $333.50 per qt approx Insurance: $489.00 per qt approx There is no Strata Fees