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!
