Boasting a rent return of $630 net (approx 7.5% return), this property presents a wonderful opportunity to invest in a positively geared property.
There is a strong lease in place, and a happy tenant currently trading as a thai restaurant. The property is in a popular built up area with a combination of business?s as well as residential.
The previous tenant was there for fifteen years. this one is a great opportunity for great returns and although it is two shops it is currently run as one restaurant with outdoor seating in a corner position.
• Shop 1 is 82 sqm • Shop 2 is 44 sqm• Strong lease in place till 30/06/2019 with a five year option• A net return of just over $32,0000• With a CPI rent increase on the first of January every year• Current owner retired
This property is very reasonably priced and the returns certainly beats leaving your money in the bank.
Call Max Gordon on 0403 045 545 for further details or an inspection is by appointment only.
