Formally, for years a physiotherapy practice, it has now become the Regional Office of the Eastern Maar Aboriginal Corporation, who, among other responsibilities, manage the native title rights for a huge slice of Southern Victoria. They have outgrown their previous Warrnambool offices.
Lease: 3 x 3 x 3 years (2 x 3 yearly option)
Rental: $55,000. CPI Increases Annually
Outgoings Paid by Tenant: All general & water rates, managing agent fees, gardening, fire, storm & tempest insurance.
This is a clean, neat investment property which will be hassle free, giving the owner a good sound rental return for years to come.
Price $750,000 (which represents 7.3% net return).
Visit the Eastern Marr Aboriginal Corporation website to learn more about their impressive work: https://easternmaar.com.au/