Located in Australia’s first Heritage listed city Broken Hill, the property is known as the “Royal Building” it has been coverted from an historic hotel to retail outlets and accommodation. Situated in the heart of Argent St, this iconic building has been tightly held by the current owners for over 30 years. This is a rare opportunity of securing one of Broken Hill’ iconic Heritage Buildings. The property is made up of two retail tenants and two residential apartments. The 2014 net profit was $79,527, representing a 9.8% net return on investment. Surely these types of numbers would do better than most super funds and deposit taking institutions. Good long term tenancies, leases signed, outgoings payable by retail tenants according to floor area occupied. Copy of contract, leases and financials available.

More options……….. You can purchase and live upstairs and have the fruits of commercial rental income.