Set in the heart of Sales CBD precinct is this outstanding commercial freehold that could be the jewel in the crown of your investment portfolio.
With a brand new 5-year lease in place until the 1/7/2025 at a solid annual rental return of $24,620PA plus GST & all outgoings, which represents a strong yield of 6.56%. Much much better than you will get off a term deposit.
The current tenants Ranfords Family Butcher run a very successful business and are in for the long haul, with the new lease just set in place and another 5-year option potentially taking the tenancy right through to 1/7/2030.
There are annual rent increases of 2.5% within the lease term and a market review at the start of the second term.
The building has been utilised as a butcher shop for a long time with Donovans Meats in occupation for many years prior to the Ranfords taking over.
Great Condition! Awesome Location! A1 Tenant! Attractive Yield!