Government Tenant Office Building
Superb investment idea for superannuation investor with a long standing tenant since 2010 with lease currently due to expire in 2018. Currently achieving and annual net rent of $67,888 P/A with lessee paying 100% outgoings bringing a return of 6.46%. 375 sqm building featuring 5 offices, workshop, 22 on-site parking bays with some bays secured with a lockable fence. Zoned IN1.
Land size: 1,868 sqm Building size: 375 sqm
Rent income: $67,888 P/A (Exc GST) Rent return: 5.4%
Rates: $5,100 P/A LV: 275,000
LESSEE PAYS OUTGOINGS