SOLD PRIOR TO AUCTION Popular Neighbourhood Centre on prime corner site of approximately 1,396sqm comprising of 8 community titled shops with excellent tenant mix serviced by a car park fronting Lower North East Road and providing open exposure to the tenancies.
Fully leased investment - the premises has always been a strong performer with limited vacancy periods in its past.
Secure income stream through multiple tenancies - there are 6 lease covenants over the 8 units providing for continued confidence in the property's ongoing income.
Excellent rental growth potential with leases destined to be revised in lin...
Super Investment - Fully leased to Super Cheap Auto Pty Ltd - Building area 810sqm - Lease term 10 5 5 years from 2/10/10 - Income $233,604 p.a. - Fixed 3% p.a. increases - Adjacent The Good Guys and Freedom Furniture