Invest or be your own Landlord With great foot traffic and ample car parking located in a busy section of Clyde Street. 111m2 of usable space plus rear parking. This commercial freehold could achieve a rent of $750.00 per month, $9 000.00 per annum, giving you a yield of approximately 8%. A little kiss and a cuddle to freshen it up and you could see greater returns!
For Sale 52-54 Standish Street Myrtleford FREEHOLD INVESTMENT OPPORTUNITY MYRTLEFORD
This property presents as excellent investment opportunity with two long term tenants in place.
Featuring approx. 292 square metres plus courtyard of approx. 43 square metres its location on the cnr of Standish and Myrtle Streets affords high visibility to the busy main alpine traffic.
Shop1 has been occupied by Myrtleford Bakehouse for approx. 20 years and there is a long term lease in place. Shop 2 with entrance off Standish Street consists of approx. 71.5 square metres and has been occupied by the current tenant for eight years.
Liquidators Appointed - Under Instructions from Liquidator of Robant Developments Pty Ltd - Strong trading Target with specialty retail upside Secure 10 5 5 year Lease to 2027.
Target Australia Limited; a wholly owned subsidiary of Westfarmers Limited (ASX Top 20 Corporation).
Significant 4,183m2* site with 3 street frontages and 69 car spaces on title.
Substantial 4,183m2* building / depreciation benefits.
Premium Business 1 zoning.
Potential for rental upside and/or subdivision of specialty shops (STCA).
Current rent: $165,244.69pa* (gross).
Potential rent: $207,883.00pa* (net-fully let basis).
Interstate bidding by prior arrangement
To be auctioned as part of Burgess Rawson Investment Portfolio Auct...
Be Your Own Landlord or Add to the Portfolio Here is an opportunity to invest and be your own landlord or just add to the portfolio. Two shops on one title, one being currently leased and the other vacant waiting for a tenant. The buildings sit on an allotment of 184m2 with two entrances. The rear shares a kitchen and toilets, and both have an area outside for storage. Potentially these properties could return a yield of around 10%.