Commercial Investment - Brand New Lease
For astute investors, one of the largest shops in busy Barkly Street now has a new retail tenant with a 3 year lease plus options to 2029. Rent is $40,000 p.a. with annual CPI increases and all Outgoings paid by the tenant so if you are looking for a solid & secure Freehold Commercial investment with strong returns look no further. Features a huge 496.57 sq.m. approx. total building area comprising a spacious open retail shop showroom (389.15 sq.m.), separate office space up stairs (53.71 sq.m.) and a loading dock area with staff amenities downstairs (53.71 sq.m.) all on around 506 sq.m. site with south boundary on rear laneway. An attractive building enjoying a very strong rental history always attracting quality tenants with double fronted large glass display windows, automatic opening door, 4 split system air conditioners, excellent lighting, hard plaster ceilings, office with sink & kitchenette, loading dock with storage shelving & roller door, all in a fantastic central location with sunny northerly aspect and close to pedestrian crossing guaranteeing passing foot traffic. Indicative buyer range is $525,000 - $575,000 representing a return of 7.0%-7.6%. Do not miss this rare investment opportunity, call the appointed agents today for a comprehensive Information Memorandum and to arrange an inspection on 5352 2303 or 0417 509 025.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
Due diligence checklist for home and residential property buyers.