Waterfront freehold investment in a popular retail dining precinct. This risk free investment has the perfect long term tenant in place having traded their for the past 12 years. The property comprises 110sqm of internal space plus an Alfresco dining area overlooking the Broadwater of approx. 75sqm + 15sqm of basement storage (total 200 sqm) plus ample parking for staff and customers.
The property is offered for sale with a 3+3+3 year lease on a net return of $103,500 p.a. plus GST with CPI and rent reviews, showing a net return of approx. 9.85% of the purchase price. Note: Rental guarantee/bond is $50,000.
Keen seller, all offers to be considered !
List Price $1,050,000
Please contact the selling agent Bill Rex on 0418 796 302 or email [email protected]
|Lease End||30 June 2021|
|Outgoings||$13,655.00 per annum|
|Water Rates||$4,110.00 per annum|
|Council Rates||$3,245.06 per annum|
|Strata Levies||$25,201.72 per annum|
Learn more about Labrador
|R&H Suburb Summary||Houses|
|Number of sales||177|
|Median Rental Price||$450 p.w.|
|Change in Rental Rate (5yr)||25 %|
|R&H Suburb Summary||Units|
|Number of sales||321|
|Median Rental Price||$390 p.w.|
|Change in Rental Rate (5yr)||22 %|