This well-located office building in Warrnambools CBD, represents a high yielding investment with long standing tenant (currently 25 years approx.) federal government backed tenant (Australian Hearing).
Measuring approx. 280m2 it currently nets the landlord $69,401.46 per annum equating to a 6.9 7.3% yield (depending on purchase price).
Currently under lease until September 2024 with 2 further 3-year options and fixed 2% annual increases, the building is in good condition with the roof having been replaced approximately 7 years ago.
An investment that's not only a better return than money in the bank; but better by double!
