Investing your money does not get any more secure than this high yield, fixed long term lease on a high profile corner with future residential development potential.
With 14 years to run on a 20 year lease, the return currently sits at $43,098 as of 2021 with a fixed increase of 3.3% per annum ensuring your income well into the future.
The lease also enjoys the perks of a commercial agreement with many of the outgoings falling on the tenant maximising your net yield.
The shop front has been long standing as a milk bar, with cool room, storage room/office and bathroom with adjoining residence.
The adjoining home has 3 bedrooms, bathroom, laundry and open plan kitchen / living.
Located in central Grovedale on a high profile corner residential allotment of 711m2 approx., the future capital growth and capital improvement potential is the cherry on top of this already high yield investment.
Call Dion Plumb on 0424 940 629 for more information.