A safe, secure 3 year old Warrnambool CBD property with 2 excellent tenants.
Travel Agency 5x5x5 year lease.
Tobacconist 5×5 year lease. (Both leases commenced 2018).
Current combined Rental $45,000. Tenants pays all outgoings.
(Building designed for 1st floor, eg 2 or 3 bedroom apartment. Additional rental approximately $16,000 plus $140,000 approximate cost. Brings yield to 7.3%).
The building currently returns 6.5% (new building depreciation allowances apply).
A reliable, solid growing city in which you can invest in with confidence.