Three tenants provides this investment excellent rental security. Two interconnected buildings with the DTR, Flame Restaurant tenants with a Devon Street frontage and the L Shaped section providing the Red Cross tenant at 18 Gover Street. An added plus is the basement garage providing secure twenty three carparks.
The DTR Retail Shop is now available with vacant possession from 01 August 2023. Retail premises 218m2 plus loading bay off Gover Street, for stock delivery.
The building has been reroofed in 2021 and new concrete flooring in the garage entrance, plus electronic gates and new lighting in the garage.
Net rental annual income of $126,165.00 with 100% recovery of property outgoings.
Seismic Rating "C"
Net Yield 8.1 %
Land area: 864m2
Building floor area: 1,430 m2
For Sale: $1,550,000 plus GST
FINANCE VENDOR AVAILABLE to an approved Purchaser, subject to Terms and Conditions