Here is your opportunity to acquire a strong performing piece of Real Estate in a high visibility location within proximity of the CBD. Currently Leased to Furnished Property Group until mid 2016 and oOh Media for billboard rights until 2019.
This property offers Opportunity and Potential whilst delivering an impressive return.
Current occupants open to an extension of lease expiring mid 2016. Alternatively, operate as short term furnished accommodation business venture which includes exclusive use of retail shopfront with potential return of over $350,000 per annum. Further potential to strata all suites S.T.C.A
13 Individual Furnished rooms
Low outgoing and land tax exempt
Long term lease to oOh media at
Rear Lane Access with Parking for 4 cars
11 rooms with ensuite bathrooms; only 2 sharing a bathroom.
. Currently returning $209,000 per year approx.
All the rooms are renovated to the highest quality, this is a must to inspect.
