$480,000
28 Rutherglen Road, Newborough, VIC 3825
An Investment For Anyone And Everyone!
This securely leased commercial premises is the perfect fit for the first time or experienced investor looking to add to a current portfolio.
Long term tenant and renowned local pharmacy business positioned in the Newborough shopping precinct within an established residential neighbourhood.
* Original twelve-year lease with four years to run
* Three x 6-year options of renewal taking total term to 2043
* Current rent $29,423.16 per annum excluding GST with fixed 3.25% annual increases
* Tenant paying all outgoings including building insurance
* New reverse cycle ducted air conditioning unit recently installed
* Land size of 238 sqm approx with rear lane access
This affordable investment opportunity will suit a broad range of investors ready to reap an instant return from day one.
Long term tenant and renowned local pharmacy business positioned in the Newborough shopping precinct within an established residential neighbourhood.
* Original twelve-year lease with four years to run
* Three x 6-year options of renewal taking total term to 2043
* Current rent $29,423.16 per annum excluding GST with fixed 3.25% annual increases
* Tenant paying all outgoings including building insurance
* New reverse cycle ducted air conditioning unit recently installed
* Land size of 238 sqm approx with rear lane access
This affordable investment opportunity will suit a broad range of investors ready to reap an instant return from day one.
Property Info
Municipality
Newborough
John Kerr & Associates Real Estate Moe
Cnr Moore & George St
Moe, VIC 3825
Tel: +61351277133
Email Us
NEARBY PROPERTIES
Robert Sim
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