60-64 High Street Maryborough VIC 3465

Phone enquiry code for this property: 1759

PRICE JUST REDUCED!
Great investment property earning a net return of 8.25% ($96,724 per year plus GST) so it is cash positive from day 1. All outgoings paid by tenant. Leased through to 2021 with two further 3 year options to 2027. CPI increases every year. Toyota dealership established at same location for over 40 years. Extremely strong tenant. A separate Used Car yard at 65 High Street Maryborough is also for sale for $179,000 which is under a separate lease to the same tenant and earning 8.25% return ($14,783 per year plus GST) and under the same lease terms and options. The properties will be sold as one package with a total purchase price of $1,351,000 returning a total net rental income of $111,507 per year plus GST and a 8.25% net yield which increases every year.

Phone enquiry code for this property: 1759