Commercial Property with Future Development Potential Offering 7%+ Net Return
Property ID: 16763965
Purchase Price 555K
Net Rent 41k PA
Net Return 7.39%
This commercial space in South Australia is located less than 500m from the beach and is located in the main shopping and retail strip of the area. There are government proposals for future development along the foreshore. There is also potential to extend and develop this space by extending or building residential or additional commercial space on top of the existing space now or in the future (STCA).
3 + 3 Year Lease until May 2017 with Option Until 2020
Tenant pays all outgoings
30K Net Rent
2 Year Lease Until July 2018
11K Net Rent
257m2 floor area
502m2 land area
25km from Capital City CBD
Estimated Cash Flow Positive $105 per week*
Contact Yujin Yeoh on 0479 191 815 for more details.
* Figure is an estimate only based on a 5% interest rate and the purchaser earning more than $87,000 p.a. Figures will vary for each individual's circumstances and you should seek advice from your accountant to obtain accurate figures for your personal circumstances.