Prime Investment opportunity to purchase this Freehold land

* Current lease 3x3x3 is $17,923.00 p.a ($1,493.65 PM) and provides for annual CPI increases.
* Lessee share of outgoings is 100%. These consist of Council rates and water and insurance; approx $3,900.
* There are two lots within the Title which may allow for a boundary adjustment/ subdivision (S.T.C.A.)
* Land size is 1154 m2
* Total income of $21,823. (Rent plus outgoings) provides a return of approx 8% (gross) potentially increases to 10% with sale of the second block (S.T.C.A.)