Lot 1 consists of two buildings and a private weighbridge.
Building A is tenanted to a motor cycle shop business. The lease was signed in August 2008 and is now periodic. Each year in August the rent increases by five percent and is currently $908.99 including GST per month.
Building B and the weighbridge. The lease commenced October 2014. There were 2 x 3 year options. The rent is currently $4,181.71 inc. GST per month, due to rise by 3% when the lease was renewed. The Rural Suppliers business ran for many years.
There is the possibility that the weighbridge could be let separately. The gross income from it is $40,000 pa.
Payment of outgoings (water, rates and body corporate fees) are shared by the tenants 87% / 13%.
Lot 3 is only one water meter on the property. There are shared toilets.
The other member of the body corporate, know as Weighbridge Estate CTS 27958 are:
Lot 2: Leased to a panel beater
Lot 3: 5 subtenants - fully leased
Lot 4: Mechanic
Lot 5: The owner runs a bet crematorium
The owner of Lot 1 contributes 4/1 share.
As of April 2017: $19,987 (nett) sinking fund.