This is a fantastic opportunity to add a proven income-generator to your investment portfolio.
The 108m² (more or less) retail unit is on the ground floor and has been occupied by a TAB and Gaming Lounge tenant since 2013.
The net rental income including a 7% management fee is $53,576.48 p.a plus GST and the tenant pays all operating expenses. The tenant has 6.4 years to run on the current lease with NEW two x five years of right of renewals – the new right of renewals as requested by the tenant shows their confidence in this busy location.
This property will appeal to all investors looking to secure a fantastic return with built in CPI increases and market rent reviews offering future upside.
Do not miss this opportunity - Call your sole agents today for more information.
Features:
* 6.4 year lease-term
* Long-standing tenant
* 67% of the New Building Standard / Grade B seismic rating.
* Busy Town Centre with lots of parking