Located in the heart of the Manjimup CPD with ample off-street parking is your opportunity to invest into an exciting and changing township of Manjimup. There a have been some big improvements to the town since it was named a Supertown and government funding has seen many positive changes to our town.
The tenants are currently leasing the property on a periodic lease, but a condition of the sale of the property will see the tenants sign a new 3-year fixed term lease, which they are keen to do. We can provide you more detail on this upon request.
The current rent is $35,100pa + GST which at the asking price equates to a return of 9.36% which is better than putting your money in the bank!
Tenanted Commercial Investment, (sold as a going concern, therefore there is no GST payable, but you will need to be registered for GST).
The building has been recently upgraded with showers and toilets, gas installation, fencing, as well as installing air-conditioning to main building.
Please note the current business is not for sale, this is the Freehold that is for sale.
As quoted on the Shire of Manjimup Website, the Manjimup Town Centre Revitalisation project is working towards developing Manjimup into a vibrant and thriving ‘Regional Growth Centre’. It is anticipated that the project will lead to economic growth in the region through increased investment and additional employment opportunities. The rationale behind the provision of funding to create more vibrant and liveable rural locations, is to provide more attractive alternatives for people wishing to live outside of the metropolitan area.