Description
This Leasehold property offers a great investment opportunity with a solid return and favorable tenant mix. The convenient location and high visibility make it an attractive option for potential buyers.
Features:
o Prime location on State Highway 1
o High visibility
o On-site car parking at front and rear
o Fully let complex
o Surrounded by quality tenants - Repco, Hunting & Fishing, Briscoes, Rebel Sport etc.
o Two access points - Crawford St or Vogel St
o Zoning: 2GP Section 18, Commercial Mixed Use
Tenancy Information:
o Fully tenanted with anchor tenant recently renewing lease
o Total Net Income: $74,429.00 (after outgoings and ground rent)
o Represents 9% return on investment
Tenure:
o Leasehold -The ground lease is for a 21 year term from 1 January 2001 (perpetually renewable) with 7 yearly rent reviews. Next rent review: 1 January 2029.
Vendor Finance: 10% available to approved purchaser
Lettable Floor Area 1251 approx.
Land Area 1175m2 approx.
Feel free to reach out for more details or to schedule a viewing!
