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".
For sale is the going concern leasehold interest over a 24-room motel and a 50-seat restaurant on a 5989 square meter site that has mountain views. The business is currently owner-operated with assistance from a part-time manager. The lease is for 30 years in 5-year increments. The first 5-year portion started in October 2010, and the lease ends on October 2040. The sale is inclusive of the website, the business name and the motel inventory with some minor exceptions.
The motel offers affordable and comfortable accommodation. All the rooms have ensuite bathrooms and ...