An impressive building in a central location in Margaret River's secondary retail and main service commercial area. The stylish building has excellent street presence and good parking facilities.
The purpose built Beauty Spa has been operating since 2006, with the present lease running to 2019 with 2 x 3 year options.
The upper storey has a 2 bedroom apartment which is presently tenanted on a periodic tenancy for $325/week. The modern well appointed accommodation, and central location of the property, will ensure the ongoing tenancy.
On the Asking Price of $650,000 the gross annual rental return of $48,100pa equates to a 7.4% return on investment.