122 West Street,
Invest in Your FutureAn outstanding opportunity for the Astute Investor exists in this magnificent property. Situated in the busiest shopping strip in the North, with 3x sound tenants and long leases remaining: Current return is $66,123.21 (inc GST)p.a. combined.
Existing tenants are:
1. Post office $27,942.93 (inc GST)p.a with further option of 5 years with CPI increases annually.
2. Vodafone $25,400.28(inc GST) with another 8 years remaining of a 20 year lease with 4% increase annually.
3. 2 bedroom apartment upstairs with separate rear entrance. $12,780p.a.
Zoning: Commercial 1
Land: 204m2 with R.O.W at rear.
Great opportunity, great property, great investment.