1974 Main Road,
Lilydale, TAS 7268
Key property information
Map of 1974 Main Road
A "two-fold' investment opportunity.
In two parts, the property incorporates a currently leased retail food business, together with a separate, three bedroom residential dwelling.
The current lease to the food retailer, generates a gross income of $32,136 per annum.
The residential component, very recently renovated, is estimated to rent at approximately $400 per week., thereby creating a combined gross income approaching $53,000 per annum.
After statutory outgoings, the estimated nett rent approaches $48,200 per annum.
Lilydale is a vibrant township, with community support features such as IGA Supermarket; Primary School; Service Station; Tavern and more.
The property is dominant in the Main Street and the food retail is long-time established.
Given the huge demand for residential rentals, it is very likely there will be little difficulty in securing a tenant for the residence.
Sale is "by offers over $650,000".
Property ID: 504021899Last Updated: 21 May 2022
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