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Rare opportunity to secure a passive investment in the heart of Waitara. Home to long-standing tenant Dobsons Auto Centre who have occupied the property for decades. A new five-year lease commenced in 2022 producing a net rental of $28,600pa with fixed annual growth. Comprising of 340sqm (more or less) of functional workshop space with office and staff amenities. The 851sqm freehold site features front and rear access with ample carparking provided from the full concrete apron. The wide frontage gives tremendous profile to West Quay with the tenant making good use of the branding opportunities on offer. Whether you're a commercial investor or making the switch out of residential, this entry-level opportunity is one not to be missed.
Asking price $450,000 plus GST (if any)