Freehold Investment With Long Term Tenant 5.4% ROIAn excellent freehold investment opportunity on the main street in Smithton.
This is a solid building, originally a bank, with a solid tenant. Leased till 28/02/2025 with a +3 +3 agreement in place. Currently giving you a return on your investment of 5.4%.
The building has 4 near new air conditioning units, new carpet and new spouting.
Currently set up with 11 office spaces, 2 toilets and a large kitchen and dining room. Positioned next to the IGA in Emmett Street the building is 327m2 and has a courtyard on either side as well as seating areas.
This represents an easy, low maintenance investment with a blue-chip tenant. With a return like this why would you leave your money in the bank?
For more information please call Kathleen Gee
- Property Type: House
- Bedrooms: 5
- Bathrooms: 2
- Building Size: 327sqm
- Land Size: 0hect
- Toilets: 1