Auction Location: LJ Hooker Victoria Park.

It’s better than putting your money in the bank and offers a great opportunity for investors or self-managed superannuation funds to acquire a fully leased investment property located in the heart of Pemberton’s CBD and with further development opportunity (residential & commercial).

This predominantly commercial opportunity also provides for a mix of residential by further development to the back portion of this large block which could see it subdivided to provide a mix of both commercial and residential buildings, as the Town Centre zoning allows for an R30 type development. You can see that this has previously occurred across the road and is currently being developed next door.

Currently leased to the local Butcher and laundromat next-door, it’s been a part of the Pemberton street scape for many years and two premises that are regularly frequented by both the locals and the tourists that come to town. If you haven’t been to Pemberton for a while then you will be pleasantly surprised to see that all of our main street shops are tenanted and there are no vacancies at all! Unfortunately that cannot be said for a number of other small country towns, but Pemberton is bucking the trend and you can actually see new commercial buildings being built that have new tenants already lined up to move in.

The property is ideally located between the Post Office and the pub and with easy access and full street frontage for maximum exposure for the tenants. There is ample parking at the rear of the property for staff, clients & deliveries. The large block (with rear lane access) also provides plenty of room to add extra buildings, which could be a mix of both commercial & residential give the ‘Town Centre’ zoning. The corner lot position also offers greater to scope for development and possible sub-division is also an opportunity to explore with the local Shire of Manjimup.
With two strong tenants in place with long leases.
Features include
*Possible + 7 % return (deducting $30k for the included equipment)
*Total Land Area 989m2
*Total Building Area 291m2
*Currently tenanted by a Butcher & Laundromat
*Strong lease of 10 years + 5 years option (commenced 1/7/2012)
*CPI increase annually plus market review each 5th year anniversary
*Freehold land and sold as a going concern
*All Laundromat Equipment + 2 motorised cool rooms with working motors and 1 dry cool room with no motor (Approximately worth $30k)is included in the sale
*Freshly painted exterior in 2016

Please feel free to contact us for more detail on the actual equipment and lease details.