This solid investment is located in Upper Burnie and is becoming a desirable spot to be in. This building has a lot of scope, whether it be a long term investment or for yourself to start your own business and live in the residence behind.
If you are looking at a pure investment what you need to know is that the tenant has a lease to both the shop and residence.
The shop leased until 10th August 2022 at a return of $350 per week + outgoings
The residence - leased until 11th May 2020 at a return of $302.07 per week
Making this purchase a gross return of over 8.5%. Now is the time to put your stamp on this building