In a prominent location, main tenant is a news agency who has been there for over 40 years. Lease is 5+5+5 with three years to go in the first term.
News Agency Rent - $5,000 per month excluding GST
3 units, two have two bedrooms + 1 has one bedroom
Total income for the three units upstairs when rented approximately $525 per week.
Total income per annum approximately $87,300 excluding GST.
This is a great investment!!!
Call John Strano today for more information.
* Commercial Building prominent location
* 506 m2 of land
* Commercial shop - Long term main tenant
* 3 Units upstairs
* Units have own bathroom, shared laundry