Tenanted Commercial Space Offering 8% Net Returns
Property ID: 17228105
Purchase Price $328.5K
Net Rent $26,280 P.A + GST
Net Yield 8%
Lease in place until Feb 2020 + further 3 year option
Outgoings paid by the tenant
3 month bond
3% fixed increase per year
Tenant in place since 2005
Tenant occupies multiple units in complex, this unit is used for the office and administration.
Nearby CBD has $300 million worth of commitment to revitalise and upgrade the area.
This commercial space 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.
200m2 floor area
2 parking spaces
Front unit with street exposure
Mezzanine structure adaptable to other uses.
$125 a week positive cash flow*
Contact Yujin Yeoh on 0479 191 815 for more details.
* Figure is an estimate only based on a 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.