28 Rutherglen Road, Newborough
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.