Beachfront Convenience Store with 7.5% Net Return
Property ID: 16400565
Purchase Price 530K
Net Rent $39,850 PA
Net Return 7.5%
Tenant pays outgoings
Estimated Cash Flow Positive $110 per week*
Suitable for SMSFs
This restaurant is located in a region seeing strong economic growth whilst in the upswing stage of the residential property cycle. There is also strong capital investment in the area which includes a new public hospital as well as various other local government and residential projects in the area.
The region is continuing to grow with new housing being built in the area as well as more employment opportunities.
Beachfront convenience store with a long term tenant in place (since 1998)
Lease until June 2018 with a further 5 year option
Area of 81m2 + storage 17m2 (98m2 total)
Contact Yujin Yeoh on 0479 191 815 for more details.
* Figure is an estimate only based on 5% interest rate and the purchaser earning more than $87,000 p.a. Figures will vary for each individual's circumstances and you should seek advice from your accountant to obtain accurate figures for your personal circumstances.