Situated nearly next door to Launceston's iconic retailer Allgoods and fronting very busy York Street, this very presentable and affordable investment property is "ripe" as an addition to a well balanced investment portfolio. Fully leased to a vibrant Hair Salon / Beauty parlour, on a three (3) year term (plus further option term), which commenced September 2019, the property illustrates as a likely, low-maintenance, "set and forget" investment, returning better than bank interest.
Current rental income of $18,200 per annum, increases annually based on CPI. The Lessee also pays all outgoings (Council rates; Taswater; Land Tax and Body-corp fees), thereby enhancing the financial returns to the Investor. In the prevailing low interest rates environment, property investing is proving lucrative.
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*
Find out your loan options
Our partners at Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.
