Superb investment with long term tenant, returning 5.5% on purchase
What better way to invest than to secure this new freehold premises with a quality tenant and at an attractive yield in excess of 5% on purchase.
Positioned directly fronting the main Ocean Grove car park, in a highly identifiable position, this ground floor retail property is securely tenanted and would make a welcome addition to anyone’s property portfolio and/or superfund.
Shop 2, area: 102m2
Rent – $48,960 p.a plus GST and outgoings.
Lease term – 5 years with two 5 year options. Rental increase of 4% p.a for the initial lease term
An absolute blue chip investment, contact James Wilson today.