This automotive retail yard is in absolute prime main road position, currently leased to proven trader specialising in camper van sales who has just renewed their lease for 3 years.
This investment would suit investor looking for solid income with future potential development opportunities.
- Prime positioned land totalling 607sqm
- Small onsite factory and office approx 50sqm
- Main Road position Minjungbal Drive exposed to 30,000 passing cars daily.
- Land bank with development upside
- Strong proven tenant with track record.
- Low outgoings.
- Easy asset management
- Low maintenance.
- B4 Mixed use - suitable for mixed use development of residential/commercial, retail, medical or child care (STCA).
- 3 year lease commenced 1st March 2015
- Gross rental = $44,400 p.a + GST
- Outgoings = $3724.32