101 Lee Street, Wellington is located in a prime position in the main street with a secure tenant in place. The tenant is the Corrective Services and they have occupied this building since 2011.
There is rear lane access to the back of the building with room to park 2 cars. Corrective Services are paying $1894.06 (GST excl) per month with a fixed 3% rent increase yearly. Council rates are $728 per quarter. The premises also features a self-contained one bedroom unit above the main building which is leased separately for $200.00 per week giving you an annual return of approximately $10,400. A combined income of over $33,000 (GST excl).
Contact Sterling Turner and arrange an inspection 0429 619 478
Disclaimer: Sterling Turner Real Estate have no reason to doubt the accuracy of the property information provided by various sources, however, we cannot guarantee it. We always advise you inspect the property and make and rely upon your own enquiries.
