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122-124 Lava Street Warrnambool, VIC 3280

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For Sale

122-124 Lava Street Warrnambool, VIC 3280

Shop & Retail
Sale Price

$649,000

Floor area

110.0m²

Property extent

Whole

WARRNAMBOOL CBD INVESTMENT

A safe, secure 3 year old Warrnambool CBD property with 2 excellent tenants.
Travel Agency 5x5x5 year lease.
Tobacconist 5x5 year lease. (Both leases commenced 2018).
Current combined Rental $45,000. Tenants pays all outgoings.
(Building designed for 1st floor, eg 2 or 3 bedroom apartment. Additional rental approximately $16,000 plus $140,000 approximate cost. Brings yield to 7.3%).
The building currently returns 6.5% (new building depreciation allowances apply).
A reliable, solid growing city in which you can invest in with confidence.

PRICE $649,000.

Property ID: 503165126Last Updated: 12 Aug 2019

03 5 *** ***
122-124 Lava Street
Warrnambool, VIC 3280

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Wilsons

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Wilsons
Wilsons Warrnambool & District Real Estate - Warrnambool
122-124 Lava Street Warrnambool, VIC 3280

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  • Wilsons

    Wilsons

    Wilsons Warrnambool & District Real Estate - Warrnambool
    03 5 *** ***