This property, situated in a prime location with excellent street visibility and just half a block from the new DPI building, is an exceptional investment opportunity with a reliable corporate tenant in place.
- Long-Term Lease: The tenant has been long-term and intends to continue the lease for at least another 10 years. The current lease expires on 29/11/25, with an option for an additional 12 months.
- Attractive Rental Return: The property offers a rental return of approximately $51,785.83 per annum plus GST, increasing to $53,340 per annum from 30/11/24.
- Well-Equipped Facility: The property features 5 consulting rooms, a reception area, a conference room, a kitchen, disabled toilets, a storeroom, and 7 car parks.
- Charming Original Features: Retaining many original features such as lead light windows, the property also includes ducted reverse cycle air conditioning.
- Flexible Future Use: At the end of the lease period, the property can easily be converted back into a home if desired by the new owner.
- Landlord Responsibilities: The landlord is responsible for the outgoings.
Don't miss out on this prime investment with a secure and profitable future.
