3/71 Jellicoe Road Panmure | Barfoot & Thompson

3/71 Jellicoe Road, Panmure

For Sale $959,000Plus GST (if any)

$959,000 10 YEAR TENANTED INVESTMENT


PRICE REDUCED BY $36,000.00 FOR A QUICK SALE! PRESENT YOUR OFFER!

Buy a slice of this popular new development in the heart of Panmure. Located along Jellicoe Road on a high exposure site, this development provides a great tenanted investment. The first lease renewal falls on 1 September 2030, ideal for the astute investor.

Unit 3, is one of the largest units in the development. Purpose-built to house a restaurant, this unit boasts 100m² broken into 79m² floor and 27m² patio of floor area for al fresco dining.

The tenant is a popular Mediterranean restaurant that has signed a 10-year lease commencing 1 September 2020, with two rights of renewal of five years each - making this commercial unit, a sound investment. The lease is currently returning $47,959.00 plus GST and OPEX, with rental reviews two yearly. The asking price for the unit is $959,000 plus GST (if any).

Our client is extremely motivated to sell this fantastic tenanted investment - call Brian Paulin, sole agent for more information.

KEY FEATURES:
• Tenanted investment
• Popular Mediterranean restaurant
• High volume traffic exposure
• 10-year lease - the lease commenced 1 September 2020 and the first renewal is 1 September 2030
• $47,959.00 + GST + OPEX return
• Price reduced by $36,000.00 for a quick sale
• 5% return
• $959,000.00 + GST (if any)
• Motivated vendor
• Present your offer
• Call Brian, the sole agent, today to secure

Property details

Location:
3/71 Jellicoe Road, Panmure
Property ID:
85492

Ask a question about 3/71 Jellicoe Road, Panmure

  • {{v}}

There was an error sending your email. Please try again later.

Your email was successfully delivered. We'll be in touch shortly.