Restaurant in a Major Student Hub Offering 7.5% Net Return
Property ID: 16071285
Purchase Price $680K
Net Rent $51,150 P.A.
Net Return 7.5% Approx.
Lease term from 1 June 2016 - 22 June 2020 (4 year lease term) with a 3 year option to renew
An opportunity to purchase an entry level retail commercial property investment in a vibrant location.The restaurant is ideally located in major university student hub with over 50,000 students attending the nearby University.
There is also a $251 million planned expansion of the university to be completed by 2020 providing additional accomodation for 1,300 students.
1km University hub.
Located in popular dining/retail precinct for students and locals
Exposure with potential for signage
5km or 15minutes from Capital City CBD.
252m2 floor area
Restaurant operating under current owner for 2 years
Surrounding Retailers inlcude BWS, Subway, IGA, Liquorland
Contact Yujin Yeoh on 0479 191 815 for more details