Situated in the middle of the main street this commercial property offers an excellent return with a mix of commercial and residential with the reidential under a 2 year head lease. The gross return is $57600 with the rates at $8000 per annum. This brings the yield in at about 6.6% net.
The commercial property is leased as a n ail salonwith a new 3 plus 3 year lease. It consists of a renovated modern shop front with approx $169 sqm of floor space including private treatment suites and staff amnites including lunch rom and toilet facilities. The residential area is over two levels and consists of two seperate dwellings of 4 bedrooms and kitchen/ dining/ living along with bathroom and the same on the top floor. The building is fully air conditioned .
Land area is 391 sqm.
It is quite rare for a main street commercial to hit the market in this town and this one is very appealing given the security of the leases.
Contact Michael Skuse
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