$330,000

The shop is part of an established Convenience Centre with plenty of parking. The shop (Lot 5) has an area of 52 sq.m. and the tenancy by the Everton Hills Medical Centre covers Lots 4, 5 & 6 and there are separate owners for Lots 4 and 6. The Medical Centre is long established and spreads out over the 3 lots (4, 5 & 6) so there is no danger of any of the lots dropping out from their leasing arrangements as all of the space is needed.

The current rent is $24,158.16 per annum which includes GST of $201.32; the outgoings per annum are water $1,320, body corporate $4,488.74 and rates $2,300 all payable by the owner not the tenant.

After deducting GST and outgoings the nett result is $16,049.12 per annum. The asking price is $350,000 and it is a safe investment as there are 2 x 5 year options from 28/02/2025 with market reviews at 2025 and 2030 – all offers considered.