With main road frontage and exposure, this property is ideal to add to your investment property portfolio.
There is
a five year lease in place which commenced in February 2008, and with an option of a further 5 years. Current rental is marginally over $25,000-00 + GST and O’goings, making a return of approximately 7.5%.
Currently tenanted by a well established fish and chip business, the property is set on approx 874M2 of land with a Zoning of Business One. Attached to the shop area is a 3 bedroom house as well as extra large preparation and storage areas for the shop. The house is more than comfortable, and each of the bedrooms as built in robes.
Overall, an excellent investment property.