This 8.6 % net property is secured by a national tenant, Repco which has been ranked 7th out of the 300 stores in Australia. The property has an income of $53313 and Repco pay all the outgoings. The 2 year lease has 2 X 2 years options. The 800m2 building sits on 1012m2 of land and has 8 on site car parks. The 800m2 building is below replacement value and has both a retail shop front as well as the workshop. Building improvements include a recent $20,000 on a new roof. The property is positioned right in the heart of the CBD and walking distance to the Fitzroy river. Rockhampton local economy has improved with the Cities Meat works starting operation.
For more information or an inspection please call Stewart on 0433 182 457