SOLD
This commercial property presents a lucrative opportunity for potential buyers, boasting a strong tenant and prime location within the Raymond Street precinct. The current lease, which expires on 01/01/2027 with a 1 x 3 year option, offers stability with a rental income of $68,000 + GST per annum and a fixed 2% annual increase. Additionally, all outgoings are covered by the tenant (excluding insurance), making it a hassle-free investment. The property has been well-maintained, with a new roof and guttering, as well as recent internal renovations carried out by Bendigo Bank, further enhancing its appeal to discerning investors.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist, or call us on (03) 5144 4333