91 & 91A Garden Street, Portland
Garden Street Laundrette
This commercial property and business is the perfect acquisition for the already employed investor. The laundrette business requires no staff and only 1/2 an hour effort per day for cleaning. The shop area of the building has been refurbished . All 6 washing machines and 4 dryers are in excellent condition and a beverage & snack vending machine is also included. An alarm & surveillance system has also been installed to the laundrette. Private living quarters, which are currently tenanted at $125 per week, are located to the rear of the property and comprise of an open plan living area and bedroom, kitchen, combined laundry and bathroom and an outdoor living area. The property is on 2 Titles and the shop area and living quarters are separately metered for gas and power. The business is showing very solid returns with very little input required.
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$3,078
Estimated monthly repayments based on advertised price of $199000.
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