High Profile Position, 7.5% Return
Set in a high profile position in Warrnambool CBD is this fantastic commercial freehold opportunity. Currently leased by The Surf Co. until February 2018 with 2 further 3 year options. Approx 300m2, the building sits within metres of the Target complex, National Australia Bank and large carpark. Boasting a new 5 year lease beginning February 2018 with fixed 5% annual increases. The average yearly rent for this 5 year period is $55,256 plus GST representing a very healthy return on investment.