Motivated Vendor wanting to Sell a Freestanding Clayfield Investment with a good Holding Income and with excellent Development potential.
Consisting of a Retail Shop with Sandgate Road frontage, a two Bedroom Unit and a 5 Bedroom House, the Shop has been rented to the existing Tenant for a period of five years to date with a three year Option soon to be exercised. The 5 Bedroom House has also been long term tenanted by the existing Tenant and the Unit is currently Vacant given the Vendor's consideration of a potential Buyer's requirement for that Vacancy but is not expected to be Vacant for long once put on the Market.
Current net Rental on the Shop and the House is $92,000 per Annum with the Vacancy adding a further $20,000 per Annum once Leased.
The property has a high profile position, the Seller is prepared to consider fair Offers and the opportunity is available for the potential Buyer to acquire a secure Investment on Sandgate Road with upside in a tightly held Market.
For more information contact Steve or Kim from Info Properties.
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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