Check this one out.
This could be your next business premises or your next Investment.
Would suit a range of businesses.
Solid Commercial property currently under a solid lease returning $43,198 plus GST per annum (8.7% Gross).
Rates are $3,370.40 a year
insurance is $3148.67 a year. Giving you a 7.4 % Nett return..
Located in a well established estate. The tenants have a lease signed until 30th June 2022, with a lease option, of one year.
The main building is concrete block with offices, kitchen and a toilet.
The rear has an attached 2-bay, 5-door steel framed extension.
Whole building has access via solid concrete apron down the side of the entire building.
The land is zoned industrial and the building and driveway s is sited on a 1040m2 allotment.
Contact Mike Lyon or Tony Doyle for inspection.