Here's a performing passive investment property that's money in the bank, with the NAB as the anchor tenant since the construction of the building, just over twenty five years ago.
The NAB have just taken up a new three year option with a further three year option remaining on the lease. Situated on a 2,023 square metre lot on Mossman's main street and diagonally opposite the Post office, 31 Front Street enjoys good exposure to both vehicular and pedestrian traffic.
The building has a total net lettable area of 366 square metres across two tenancies. Tenancy One is leased to the NAB and at 203 square metres features a purpose built bank fit-out plus a detached two bedroom flat, which the bank uses for storage. Tenancy Two, at 83 square metres, has a versatile fit-out is, currently vacant and ideal for either retail, office or medical use, with generous leasing incentives now on offer.
The rear yard area has a concrete driveway and manoeuvring area and plenty of room for car parking. Our investigations with the local council has identified that the balance land at the rear of the lot could be further developed, with residential units being a logical choice adding future upside to the property.
With close to double-digit returns, 31 Front Street is the secure investment property you've been searching for, so call Stuart Carr at Go Commercial for more information, to arrange an inspection or to make an offer.
> 2,023m2* Land Area
> 366m2* Net Lettable Area
> NAB Anchor Tenants Since 1988
> Net Passing Rent $70,500 p.a. + GST + Outgoings
> Market Net Rent $83,780.00 p.a. + GST + Outgoings
> Tenancy One: 83m2 - Available For Rent
> Video Walkthrough Tour On Our Website
For more information contact Stuart Carr on 0408 066 517.
*Approximately.
Disclaimer: In preparing this information Go Commercial has used its best efforts to ensure that the information contained is true and accurate, however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.
Highlights:
* 2,023m2* Land Area
* 366m2* Net Lettable Area
* NAB Anchor Tenants Since 1988
