Investment Properties
VIC High Exposure Commerical 10.4%
This property is a mechanical workshop at the front and a house at the back. The original owner of the business sold out 6 months ago and one of the employees bought the business. He is however unable to purchase the freehold as well. The business has been in the same location for 10 years and since the new owner has taken over he has expanded the business from just being a tyre shop to being a mechanics as well.
The same tenant for the shop also rents the house at a combined $600pw. (Still needed to be confirmed if plus GST)
All outgoings are paid by the tenant except insurance.
The agent suggested that you wouldn’t spend any money on the property only what is necessary and keep a great size block located in the middle of town with 3 street access. While the area only has a small population the town is working hard on expanding its profile particularly on the food and wine scene.
Being only 112 kms from Melbourne about an hour’s travel makes this a great location, cash flowing and future potential.
Property Description:
HIGH EXPOSURE FREEHOLD - 3 STREET FRONTAGE
High exposure freehold available with secure tenant and main Street frontage, 5 year lease with annual CPI review – Attractive return. The property consists of three bay workshop, storage area, office, waiting room, additional storage area and residence. Front and side access with a residence located at the rear, Approx 1000m2 – Business 1 Zoning
 Buy & Hold
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| Purchase Price: | $300,000 |
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| Gross Weekly Rental: | $600pw |
| Council Rates: | Paid by tenant |
| Management Fees : | Self manage |
| Gross Return: | 10.4% |
| Population: | 3,000 |
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