Leased Investment – Café Tenant 6.2%* Return on asking price with in excess of 3 years on Lease

Offered for sale is an extremely rare opportunity to secure a leased investment property affordable for entry level buyers offering secure returns with long standing tenant in place

Property Features:
> Strata Area: 179sqm
> Building Area: 100sqm (approx.)
> Operating as ‘Perfect Pantry Café
> Commercial Kitchen and cool room
> Alfresco dining area
> Café operating since 2009
> Balance of 3 years on Lease
> Affluent Suburb
> High density residential area
> Near schools/daycare/parks
> Close to public transport
> Approx. Net Returns 6.2%

LEASE DETAILS
Lease Term: 5 years Expires 2nd March 2019
Gross Rental: $23,742.20 p.a. Gross Rental plus GST
Outgoings: Gross Rent Lease – Outgoings paid by Lessor Outgoings approx. $4,413 p.a.
Net Rent: $19,329.20 p.a. approx.
Rent Reviews: Annually: Fixed 4% increase p.a.

FOR SALE: $312,000 (sold going concern for GST purposes)

For more information or to arrange a viewing please contact the sales agent.