Here is a fantastic opportunity for investors. An affordable commercial retail premises with a new lease in place and about to undergo a new refurbishment. Ideal for a great return. Features include:
New lease 3 + 5 + 5 year terms.
Rent $27,969 per annum + GST + Outgoings.
Yield = 9.23% return on investment $300,000.
Use: Indian restaurant.
This is a solid brick building around 284.25 sq.m. lettable area, north facing double fronted retail shop with a 3 bedroom residence included. A large allotment with rear lane access, underneath storage, ample car parking and positioned in the busy CBD location opposite the Town Hall civic square precinct.
Also the option of the two adjoining premises at 206-208 Barkly Street currently for sale, asking $280,000-$295,000. Here is your chance to secure 2 titles with 3 tenants.
Enquire now for a comprehensive Information Memorandum.