Property listing ID: 88795
• Returning $56,095.45 net with 2% annual increases • Bankable 129% NBS (A+) seismic rating • Freehold, high stud loft showroom/office • On-site car park included plus shared visitor park For sale by short-notice Auction. This Freehold, 105m² (approximately) high stud loft showroom/office is strategically positioned between Sale Street and Drake Street in the heart of Victoria Quarter. Fully leased and returning $56,095.45 net per annum from a well-established tenant with 2% per annum rental increases and a six month bank guarantee. Sit back and collect the passive rent roll and explore the future add-value options such as conversion to residential and/or live/work. Located in a vibrant central location with great cafes, bars and restaurants in close proximity, as well as good access to public transport. Don't miss out as our motivated vendor wants the property sold - enquire now for more details!
Listed by Barfoot & Thompson , Reese Barragar (City Commercial)