2x tenancies and the ultimate income replacer!
This property is situated in the center of a major commercial district. It was a unique opportunity to purchase a dual-income asset returning a 7.8% net cash return. Leased to two strong tenants that have a long holding in the region. With great exposure to main arterial roads, this site will always attract strong tenancies and demand. This was our valued clients 2nd purchase through Rethink Investing.
They were looking for a very high income, as they have a goal of replacing their business revenue ASAP. This asset was perfect for them as it offered security from quality well known tenants in a strong regional market. There was also fierce competition for this asset, but we managed to beat the competition through our reputation with the agent.
report, bank fees)
Purchasing Costs
Key Highlights
• Building Area: 2671m2
• NLA: 1,681m2
• Net Return $298,492 p/a
• Forty Winks have been a long-standing tenant of 23 years
• 2 tenancies
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If you’re interested in joining the lucrative world of commercial property, contact us now.
