Building area is approx. 731m2 on 3488m2 of land. Consisting of 2 large and well appointed sheds just 5 minutes from Princetown and the Great Ocean Road, this property sits on the main Simpson-Princetown Road.
Excellent return of 7%. There are two telecommunication towers located on the property.
Optus is leasing out one tower, which has a lease of 25 years which has been paid in advance therefore, approx $70,000 will be adjusted at time of settlement and the other tower is leased by Vodafone who pay $531.55 per month which also has a lease in place.
Vodaphone yearly rent $6,378.60
Optus $3,000.00 paid in advance
Tenant $20,800 Current tenant is paying $1,738.00 monthly expiry 6th of May 2022.
TOTAL $30,178.60
Example if sold at $650,000 7% return is $29,575
The sheds are approx 18.3m x 15m, and 30m x 15.24m. Front Shed has an office, with split system heating and cooling, internet access, concrete floor, power, toilet, basin, fully furnished as per pictures.
Rear shed is open span with office, both are adjoined by concrete driveways, with duel entry driveways and double gates, 3 phase power, bottled gas, 2 x septic, 2 x 10,000L water tanks.
Suitable farming type business or other subject to council approval, located on Princetown rd.
Plus an additional one bedroom apartment.
Ideal for Storage, business, tourism, the list of possibilities is endless.
Close to the Great Ocean Road and some of Australia's best beaches such as the 12 apostles and situated in one of Victoria's busiest tourist destinations.
Sale is subject to a tenancy.
Settlement: 30/60/90/120 days
