Extra Income With Hardly Any Effort !

91 Garden Street


This commercial property and business is the perfect acquisition for the already employed investor. The laundrette business requires no staff attendance and only half an hours effort per day for cleaning. The shop area of the building has been freshly re-painted and the floor redone in commercial grade lino. All 6 washing machines and 4 dryers are new and under warranty until April 2012. A beverage & snack vending machine is also included with the property. An alarm system with off-site monitoring has also been installed to the laundrette, as well as a four camera surveillance system. Private living quarters are located to the rear of the property comprising an open plan living area and bedroom, kitchen, combined laundry and bathroom and an outdoor living area. The living quarters are currently tenanted on a month x month basis at $100 per week. A further detached bungalow provides for plenty of extra storage. The property is on two Titles and the shop area and living quarters are separately metered for gas and power. The business provides an excellent return of approx. 6.5% with very little input required. A perfect acquisition for the already employed investor.

Bedrooms		1
Bathrooms		1
Land Area		521.7m2

Agent Name:  Sonja Goldby Phone:   03 55232200 Mobile:  0417265253