Superb Commercial Investment With CBD Street Frontage
Property ID: 20090745
Purchase Price: $789K
Rent: $65,000 Net P.A
Yield: 8.23% Net
Opportunities this secure don't come along often at this price point. With a 30 year tenant currently in a 5x5x5 Year Lease and an ability to increase the yield with a building renovation or remodel, this commercial property is a proactive investors dream.
PROPERTY FEATURES
* All outgoings paid by the tenant
* 16m street frontage
* 3 Levels - opportunity to remodel the interior of the building and lease
* Excellent Yield with unlimited potential to increase further.
* Zoned b4 mixed use; a multitude of options to develop and lease including Childcare and Hotels
* Professional tenant on a 5x5x5 year lease.
* Annual rental reviews based on Sydney's CPI
* Prime location: City Centre providing tenants with excellent traffic and walk-ins from main thoroughfare.
* CBD location and only 35 minutes to the centre of one of Australias largest cities.
* Surrounding high profile tenants include: Aldi, K-Mart and Best & Less, all located in the local Riverside Plaza
If you would like more information please call We Find Houses on 1800 600 890
Land Area: 250m2
Type: Commercial
