This property presents an outstanding opportunity to purchase a slice of Burnies CBD that is 100% leased to a well-established retailer Not Just Books, which has traded from this site under two owners since 2006.
The property is superbly located in Burnies main street Wilson Street, set within many CBD buildings, car parking, local/national retailers and public facilities. The building provides a wide frontage (circa 9.5m) to Wilson Street with a modern and well-proportioned layout.
The property is offered with a 5+5+5 year lease in place from 1 July 2018, generating an estimated net income of $85,284 p/a.
Investors will benefit from the excellent return being generated by this core CBD freehold property.
For more detail or to inspect, please contact Nicholas Bond of Knight Frank.
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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