We have just listed an exciting investment opportunity.
Size – 52m2 plus small storage area
Offer – Sale price $630,000
Lease back – 5 + 5 years
Initial rent – $37,600 plus gst PA
Tenant to pay all outgoings (except land tax)
Annual increase 3%
Market review at option
Rent is based on $700 per m2 for shop and $100 per m2 for storage which looks fair.
This is not advertised on the general websites.