This fully leased commercial office building has been occupied by a well-respected Accounting Firm for the past 20 years with an existing lease at $3850 per month plus GST plus Tenant pays Outgoings. This building comes with a 5 year lease and includes 3 x 5 year option periods.
Located on a level 1006m2 allotment with a 20 metre frontage to busy High Street and adjacent to similar professional offices. This modern brick single storey Commercial Building has a floor area of approx. 218m2 plus covered car parking and staff out door area of approx. 122m2.
This air-conditioned building has a top quality fit-out and features a general office and reception area, 5 individual offices, board room, customer lounge, lunch room, filing and store rooms and staff amenities.
The large allotment provides abundant off street car parking, some of which is under cover, and is located both at the front and at the rear of the property.
This is a low maintenance Passive Investment opportunity with an excellent high net yield of 7% with a secure reputable tenant on a 5 year lease plus 5 x 3 year options.