A very rare opportunity to acquire a fantastic freehold investment with huge exposure to Milduras main thoroughfare - Deakin Avenue. The property comprises 3 separate tenancies, and all are securely leased.
Given the state of our local economy and the lowest interest rates in history there has never been a better time to buy a commercial property.
EXECUTIVE SUMMARY:
Tenant 1 rental income is $15,499.92 per annum, lease term 3 years commencing 1/12/2017 with option of 3 years, tenant pays all outgoings.
Tenant 2 rental income is $16,560.00 per annum, lease term to 30/9/2018 with another 2 year option, tenant pays all outgoings.
Tenant 3 rental income is $36,000.00 per annum, lease term 3 years commenced 17/7/2018 with 2 x 2 year options, tenant pays all outgoings.
Land Area: 475m2 (Freehold)
Building Area: 318.69 m2
Tenants: 3 secure long term tenants
Zoning: ZB2
Access: Frontage to Deakin Ave and Lintons Lane.
Car parking: 4 under cover via Lintons Lane.
Total Rental Income: $68, 059.92.
This is an A grade investment that represents excellent value for money.
