8% Net Yield With a 5 Year Lease
Property ID: 15326335
Purchase Price 490K
Net Rent $39,000 PA
Net Return 7.96%
Rent to increase as per CPI annually
Tenant pays all outgoings
Offering great returns, this restaurant is located in a region seeing strong economic growth whilist in the growth cycle of the residential property cycle. There is also strong capital investment in the area which includes a new public hospital as well as various other local government and residential projects in the area.
The region is continuing to grow with new housing being built in the area as well as more employment opportunities.
Beachfront restaurant with a long term tenant in place
Lease until August 2020 with a further 5 year option
Area of 67m2 plus outdoor dining area
Excellent position for street exposure with on-site parking