An outstanding opportunity for the Astute Investor exists in this magnificent property. Situated in the busiest shopping strip in the North, with 3x sound tenants and long leases remaining: Current return is $66,123.21 (inc GST)p.a. combined.
Existing tenants are:
1. Post office $27,942.93 (inc GST)p.a with further option of 5 years with CPI increases annually.
2. Vodafone $25,400.28(inc GST) with another 8 years remaining of a 20 year lease with 4% increase annually.
3. 2 bedroom apartment upstairs with separate rear entrance. $12,780p.a.
Zoning: Commercial 1
Land: 204m2 with R.O.W at rear.
Great opportunity, great property, great investment.
|R&H Suburb Summary||Houses|
|Number of sales||87|
|Median Rental Price||$420 p.w.|
|Change in Rental Rate (5yr)||20 %|
|R&H Suburb Summary||Units|
|Number of sales||33|
|Median Rental Price||$400 p.w.|
|Change in Rental Rate (5yr)||25 %|