With prime Gordon Road frontage is this 64m2 premises with approved use for a lunch bar. There is good short term parking places right outside the door.
This property is leased until March 2022 plus a 5 year option, but if a buyer requires it for their own use, the lessee is open to an offer for the sale of the business. The tenant pays the outgoings.
This is a super investment opportunity because the rent is low and affordable to the tenant and the return is well above bank interest rates. With a huge number of passing cars each day, this is an investment that should always be easy to lease, as demand for good exposure premises is always in high demand, minimizing any future vacancy issue.
Contact Peter Vetten, your commercial property specialist with Local Knowledge and National Strength.
|R&H Suburb Summary||Houses|
|Number of sales||125|
|Median Rental Price||$300 p.w.|
|Change in Rental Rate (5yr)||-14 %|
|R&H Suburb Summary||Units|
|Number of sales||20|
|Median Rental Price||$260 p.w.|
|Change in Rental Rate (5yr)||-19 %|