Smack bang in the heart of the CBD and directly opposite World Square shopping centre and business hub, this rare freehold retail investment is positioned in one of the busiest locations the CBD has to offer. This freehold building is tenanted to a well-established and longstanding 24 hour kebab take away business on a secure lease until October 2019 with a further 7 year option. It yields a high net rental return of $159,950.64 per annum.
This remarkable opportunity is situated over three levels with the upper level currently being utilised as storage and accommodation. Additional highlights include staff toilets, showers and a laundry room on level 1 along with a walk-in cool room. The third level boasts high ceilings and two good size rooms with views across to World Square and George Street.
Wonderfully versatile and highly sought-after, this impressive investment prospect appeals to the competitive retail market and showcases all that the CBD has to offer.
- Perfect Freehold retail investment
- Established long standing tenant trading since 2008
- Secure lease until October 2019 plus an additional 7 year option
- Net income $159,950.64 per annum
- 5m* wide frontage,140sqm* interior, situated on a 55sqm* block of land
- Fixed rental growth of 5% per annum
- DA approved 24 hour business and location
- Directly opposite World Square shopping centre, business hub and the heart of the CBD nightlife precinct
*Approx