An Investment For Anyone And Everyone!

28 Rutherglen Road, NEWBOROUGH VIC 3825
$480,000
L15359526
For Sale

Property Details

Description

This securely leased commercial premises is the perfect fit for the first time or experienced investor looking to add to a current portfolio.

Long term tenant and renowned local pharmacy business positioned in the Newborough shopping precinct within an established residential neighbourhood.
* Original twelve-year lease with four years to run
* Three x 6-year options of renewal taking total term to 2043
* Current rent $25,906.00 per annum excluding GST with fixed 3.25% annual increases
* Tenant paying all outgoings including building insurance
* New reverse cycle ducted air conditioning unit recently installed
* Land size of 238 sqm approx with rear lane access

This affordable investment opportunity will suit a broad range of investors ready to reap an instant return from day one.

Location

Agent

Robert Sim
Robert Sim Director P. 0409 194 084

Rob is the Company Director, Licensed Estate Agent and Auctioneer whose focus remains totally on ensuring John Kerr Real Estate continues to be the preferred agent for vendors and purchasers.

Rob’s high standards are set and met by all of the staff thereby guaranteeing clients have the confidence in knowing they are dealing with an agency that always has their best interests at heart.