Longstanding tenant on a 5 year lease in the popular Riverside Apartment Building. Ideal location for the tenant at the base of a residential complex opposite Fawcett Park near Woolworths in Ballinaâ??s CBD. This freehold would be a welcome addition to your investment portfolio or an ideal way to start one.
Area: 99 sqm
Annual rental increases
Tenant pays outgoings
Net Return: $36,508 p.a. (x CPI in July 2018)
Superb opportunity to purchase in an excellent building with a secure tenant.