This securely leased commercial premises is the perfect fit for the first time or experienced investor looking to add to a current portfolio.
Long term tenant and renowned local pharmacy business positioned in the Newborough shopping precinct within an established residential neighbourhood. * Original twelve-year lease with four years to run * Three x 6-year options of renewal taking total term to 2043 * Current rent $25,906.00 per annum excluding GST with fixed 3.25% annual increases * Tenant paying all outgoings including building insurance * New reverse cycle ducted air conditioning unit recently installed * Land size of 238 sqm approx with rear lane access
This affordable investment opportunity will suit a broad range of investors ready to reap an instant return from day one.
