A very solid investment in a great location with multiple tenancies in place.
(No GST purchase as going concern)
Better than a 8 % return is potentially available here when all tenancies are full.
Great location on the corner of Brookton Highway and Soldiers Road in Roleystone with great visibility from passing traffic.
Here are some more details for you :
• Land area - 6363m2 (1.5 acres)
• Zoned - Local Centre
• Buildings - 616m2
• Plus alfresco/outside seating - 116m2
• Deferred risk with 6 tenancies
As mentioned this property currently has 6 potential tenancies with 5 long term tenants in place.
One small unit is currently vacant which when leased will increase the net income to around $105,000 pa approx.
Existing long term tenants all on good lease terms and conditions.
Contact Mike Dunsmore 0413 754 110 more details on the property.