8% Net Yield With a 10 Year Lease
Property ID: 14712375
Purchase Price $1 mill
Net Rent $80,325 PA
Net Return 8.033%
Rent to increase yearly by 3%
Tenant to pay all outgoings.
Fully equipped skin and healthcare specialist tenant utilising property as their head office for their national franchise.
Lot comprises of reception, waiting room, kitchenette, five (5) treatment rooms, changeroom/locker facilities , spa/steam room with built in spa bath
Strata titled premises with shared customer parking for 72 cars
Ground floor area 199m2 plus 78m2 upper level
Recently upgraded, fitted out throughout
Close to public transport, shopping precinct and beaches
In the catchment area of a billlion dollar residential development
$Billions have been invested in the surrounding area over the past few years which has resulted in new commercial opportunities, more foot traffic to the area and more permanent residents moving to the precinct.
Approval is in place for around 2,000 new residential dwellings to be built in the surrounding area.
Please contact Yujin Yeoh on 0479 191 815 for further details.