Much better than bank interest 6.96% nett Plus Outgoings & with great capital gains potential
Long term Business 12 years old
in the 3rd year of first 5 years, rent increase to $17992.2 on 16/8/2017 the tenant will stay as they have paid for business 5+5+5 finishes in 2029
Simon Bowler 0418 604 910 of Smartline Finance can do a loan subject to Terms & conditions being met & based upon a 5% interest rate $235,000.00 x 5% = $979.00 interest only per month.
New rent $1499 pm. Profit pm $520.
GREAT LOCATION HIGH TRAFFIC FLOW GREAT INVESTMENT
1.Very large showroom was previously 2 shops
2.Office & utility room
4. Independent large Warehouse at the rear.
Showroom is 10.5*9.2
total floor area 191m2 Land area 354m2
Outgoings ESL $552.85, Council $1,837.25, Water $462.15
CPI increase annually in Aug and to market every 5years