THE PROPERTY
A solid, low-maintenance, partly 2-level sandstone and block building. Very well presented – with a brand new ground floor fit out. The upstairs area (with separate street entrance) is renovated and leased into quality office accommodation. For 3 x 3 x 3 years commencing at $14,000 with the tenant paying outgoings.
THE GROUND FLOOR TENANT
Sheridan Australia. Established in 1967 – so 52 years-strong with approximately 100 stores nationally. It’s an Australian Success Story.
A brand-new 5 x 5 x 5 lease, commenced 16/7/18. Rental in July 2019 now at $60,000
THE LOCATION
Warrnambool. The major regional city in Western Victoria. On the coast. And it’s Humming. Population of 38,000 approx. Catchment population of over 100,000.
Liebig Street is the Main Street in Warrnambool. And Sheridan is in Liebig Street – right in the CBD next door to Sports power, FACTORIE and then metres away from McDonalds and Princes Hwy.
THE RETURN
At $999,500 this property gives a solid, safe return of 7.4% on total rent of $74,000, net of outgoings
THE OPPORTUNITY
This is a very rare opportunity to acquire a solid, secure, strategically-located, commercial investment property. In the main street of a serious regional city, with a National tenant, a brand new lease, a brand new fit out and a quality fully renovated leased space above.
Call now..
Mark Wilson on 0408 529 275 or on 5561 2777
