David Lightfoot is pleased to present to the market this outstanding opportunity being Lots 6 & 7, 16 Minilya Ave, White Gum Valley.
This established neighborhood property is well located to service the surrounding residential areas with tenant/operator Cafe Lumos being a local favourite since 2010*.
Key features of the property include:
- Lots 6 & 7 leased to Caf Lumos
- 7%* Passing Yield
- New leases commenced 20th June 2016
- 5 year initial term
- 2 options of 5 years each
- 3% fixed annual reviews
- Market Rent reviews 2022 and 2027
This property offers astute investors long leases and an established tenant in a local cafe setting well frequented by residents from surrounding areas.
For further information please contact the exclusive selling agent David Lightfoot on 0499 888 123.
*Approx