Collect on income whilst waiting for your new building plans. Long term investment with commercial zoning. Straight 13 year lease to council approved business.
Lambton Road exposure without the parking hassles. A rare find in this location - amongst businesses, houses and motorcycle retailers and sealed car park at rear.
Long term 13 year lease till September 2029, Rent 38,242 per annum excluding GST.
Fixed Percentage 2.5% annually.
Note: 50% equity required for finance.