Major Retail Freehold - Deloraine First time offered for sale, the "Harris" building is at the centre of Deloraine's vibrant retail heart and represents a significant property holding with a dominant main street frontage of 20m* and a land area of 926m2*
• 458m2* of retail area • 390m2* storage under • Property offered "Vacant Possession" • Current rental income $30,000 • Current Tenant on monthly tenancy • Existing business available for sale (at cost of stock)
Deloraine - Complete Investment Fronting Deloraine's busy retail/commercial strip, this securely leased property has all the hallmarks of a comfortable and passive investment.
Two major, long established tenants occupy the property which is further enhanced by valuable on-site parking, plus further capitalisation opportunity by renovating and letting the upstairs "apartment".
Current income from rentals is $33,600 (approx.) per annum.
Lease terms extend to 2013 (Tenant "B") and 2017 (Tenant "A"). Tenants are responsible for approx. 90% of "outgoings".