Main street retail investment property.
Rear access available with under cover parking for 2 vehicles with 3 other off street car parks.
Total area under roof approx. 285sqm.
Retail area of approx. 200sqm with large storage area at the rear plus amenities and office.
Tenancies: Goodway Developments Pty Ltd T/A Number 1 Bargains.
Current UCV: $205,000
Land Area: approx. 553.4sqm
Land Dimensions: 7.3m frontage with depth of 76.2m (approx.)
Tenant in occupation since 9 June 2008.
Current lease term: 5 years commencing on the 9th June 2013 and expiring 8th June 2018.
Current Rent: $62,687.43pa gross + GST. Rent adjusted to CPI annually
Outgoings: Water usage
MAIN STREET COMMERCIAL PROPERTY WITH YIELD EXPECTED TO BE AROUND 9%