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Shop 2, 81 The Parade, Ocean Grove

$ 895,000
81 The Parade, , ()
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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.

Address: 81 The Parade
Suburb:
State:
Postcode: 3226
Country: Australia
Property Id : 11640
Price: $ 895,000
Approx. Property Size: 102 m2
Car: 1
Property Type: Commercial
walkscore87 / Very Walkable more details here

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