A secure investment with a long term national tenant offering approximately 9% nett return on investment. Features include-
- 2023sqm on 1 freehold title, zoned Retail and Commercial
- Corner position 1 block from the main street
- 5+5 year term commencing June 2013
- Fixed biennial 5% rent increase
- Tenant pays 100% of the outgoings
- Tenant has leased for over 20 years
The building features include-
- 65sqm air-conditioned showroom with suspended ceiling
- air-conditioned office
- tyre storage shed 8m x 31m long with MandF toilets and tea room adjoining the showroom
- 6 bay tyre fitting shed approximately 8m x 26m long
- Covered truck fitting bay approximately 12m x 12m x 8m high
- 2 street access
- Large concrete hardstand area
- 2.5m security fence