This is an opportunity to invest in a prime commercial building in busy Katherine NT, the heart of the Central Region of the Northern Territory. This high profile land and building is located in the busy Fourth Street, Katherine and is currently occupied by the successful BC Machinery which provides sales and servicing to rural, industrial and defence industries. The large building encompasses a show room, sales, spare parts, workshop, and airconditioned large 2 roomed office area. The building is located on a large 2020sm lot and has adequate room for parking or further development. The lot is zoned CB Central Business which lends itself to the existing use or many others including: Office, retail, and light industy in support of the community.
This investment is in the land and improvements which are leased to the current tenants until 3 May 2013, gives an approximate 9.46% with the tenant paying other outgoings. This is a solid,dependable, reliable return in these uncertain times. Do not miss this opportunity to expand or commence your portfolio.