This investment is a freehold "state of the art" professional office building leased to long standing leading charted accountancy firm in the heart of dynamic Murwillumbah.
KEY ATTRIBUTES:
- "A Grade" Architecturally designed 3 level office building.
- New 5 + 5 year lease at market net rent.
- Outgoings 100% paid by lessee.
- Net income in year 1: $110,000 per annum
- Fixed annual rental reviews: 3%.
- Building approximately 8 years old: Depreciation allowances.
FEATURES:
- 490sqm net lettable area of two levels.
- 14 parking spaces on grade on lower level accessed from rear.
- Excellent street appeal in easy to find location.
- Spectacular views with abundant natural light.
- Contemporary professional office fit out.
PRICE:
$1,650,000 - representing 6.6% net return in year 1.
For more information, contact exclusive selling agents Towers Francis Property today.
