Moe03 5127 7133

Traf03 5633 1666

28 Rutherglen Road, Newborough

SOLD

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 $29,423.16 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.