We are please to offer this high quality commercial investment offering a secure, high yielding return of 8.15% on the asking price.
The property comprises a strata titled office building constructed in 2004 currently configured with 15 individual offices, boardroom, reception area, kitchenette and bathroom. Ther are also 9 carpark on title. The strata title is only 2 tenancies and the adjoining tenancy is a medical clinic.
The property has been occupied since construction by an Accountancy firm who will execute a new 5 year lease with 5 year option at sale, providing the new owner with a $110,000pa nett return.
• Tenancy Area 335m2
• Area Under Title 479m2
• 9 car parks on title
• Zoned TC (Tourist Commercial)
• Rent $110,000pa + GST
• Initial term 5 years
• Renewal option 5 years
• Rent review Annually CPI (8 weighted capital cities)
If you are looking for a secure investment, ideal for a Superannuation Fund and a significantly better return than money in the bank then request an Information Memorandum from Andrew.
Property Type - Offices
Land Area - 479m2
Floor Area - 335m2
Contact Agent to arrange inspection