122-124 Lava Street Warrnambool, VIC 3280
WARRNAMBOOL CBD INVESTMENT
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.
Property ID: 503165126Last Updated: 12 Aug 2019
WARRNAMBOOL, VIC 3280