$495,000

A fantastic investment opportunity exists with this "Kurrajong Takeaway & Coffee shop" at North St Marys, that is well positioned on a relatively busy corner location within an employment area and nearby residential. Not to mention it being a very short distance to St Marys railway station and main street. This great opportunity consists of a 100m2 shop, 41m2 of designated parking, solar power, a great tenant with a fantastic business who is two + years into her 5 X 5 year lease arrangement with a fixed 3% annual increase. Now paying $27,583.40 exclusive of G.S.T. per year, PLUS strata levies, council rates and water rates. In November the rent moved to $27,583.40 a year representing a net return of about 5.2%... Now that is a lot better then you will get from any bank right now... How does 5.5+% net return sound?