This is the perfect entry level investment for those astute buyers looking to dip their toe in the water of commercial real estate. With a solid tenant in occupation since January 2020, there are currently just under 2 years remaining on the lease with an option period in the tenants favour for an additional 5 year term.
* Tenant pays Council rates
* Landlord outgoings total approx $5,600 per annum (includes water, strata fees and management fees)
* Gross income annually $16,199.40 per annum
* Annual CPI rent increases applicable to tenancy
* Approx 5% net return at asking price
* 107sqm of floor area with off street parking
* Street parking is plentiful in front of the premises
* Commercial real estate is a long term strategy and this is the perfect opportunity to build your portfolio with an entry level investment and set up your future.
* Markings on photos of building are approximate
* Note: Business is NOT for sale. Building only
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee it's accuracy. Prospective purchasers are advised to carry out their own investigations.
