COMMERCIAL FREEHOLD PROPERTY - OVER 9% RETURN
Built in 1964, this freehold property is located in the CBD of Burnie with prime frontage to Mount Street. The property is fully leased (until 18/7/2018 with a 2 year option) with a gross rental of $34,102 + GST and tenant paying outgoings. The rental is increased annually in line with current CPI. The property is over two levels with the ground floor occupied by a busy cafe and upstairs are 2 x 1 bedroom apartments with separate street entrance. Also on the title is parking for 5 cars.
Expressions of Interest
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