1227 sq/m block with current commercial tenant until January, 2011 with 5 year option. Rent paid monthly (annual rental $31,200) with a CPI Increase each year and the rent reviewed to market rate at the end of the lease.

Outgoings of approx $1800 are paid by the tenant.

Current commercial tenant is a Childcare Operator (licensed for 38 children) but the property has potential for subdivision Residential R30/R60.

Future landbank – current cash in the bank.

Call Greg Devereaux on 0411 609 369 for more information and to view.