NET RETURN 8%
The property has currently just been re-leased for a further 2 YEARS ENDING in DECEMBER of 2018.
Currently leased at $500 per week.
TENANT PAYS ALL OUTGOING INCLUDING RATES
The property is well located on the corner of Frome Street (Newell Highway) and Thomson Avenue. Access is gained off both streets.
The property is zoned B6 Enterprise Corridor. The building is constructed from a steel frame, galvanised iron clad and reinforced concrete floor. Site 828.3m2.
The building includes 2 x high clearance work bays with roller doors, retail/showroom, 2 x private offices and kitchen/tea room. The building also includes toilet amenities and mezzanine storage space.
The property is fully fenced with security fencing at the front and galvanised iron at the back. The block is bitumen sealed to provide off street parking.
"All care has been taken in compiling this information sheet but it is prepared on instructions and details supplied by the vendor, for whom we act as agents only, and we cannot accept any responsibility for errors or omission (if any). Intending purchasers should satisfy themselves as to the correctness of these particulars."