$16K Positive Cash Flow With Development Potential
Property ID: 19188775
With $16K positive cash flow (Est) and potential to develop you simply cannot go wrong with this investment.
The property includes a fully fenced sales yard and office which has kitchen/bathroom and is fully air-conditioned. Adjoining the commercial yard is a three bedroom residential dwelling and 6m x 9m steel shed with a further undercover area.
The property boasts 60 meters of exposure to the busy main road that neighbors a number of boutique residential suburbs and the CBD. Significant business in the immediate area includes KFC, BP, Caltex, College and the Regional Council Chambers.
+ 23km CBD;
+ 7km from the Highway;
+ 16km Airport and
+ Sales office with adjoining fenced yard
+ Kitchenette and amenities
+ 6 x 9-meter steel shed
Term: 01/09/2015 to 31/08/2018
Options: 1 x 3 years
Reviews: 4% annually
+ 3 bedroom, 1 bathroom newly renovated dwelling
+ Tenant happy to sign a new 12 month lease
Total Net Income: $56,842
Net Yield: 7.5%
Contact Matthew Barnes on 0430 979 900 for more info