AN INVESTMENT GEM! 6% net annual return. Securely leased, 5 x 5 x 5 years, commenced 1st March 2019. Current tenant has been there for 11 years, annual rental of $13,234. Tenant pays 100% of outgoings. Fixed CPI increases annually.
Besser block construction, low maintenance, well-appointed building on prominent corner site of Dunlop and Webster Street.
The Mortlake township is thriving, so too is the Post Office business. This will prove to be a very sound, long term, safe and secure investment for someone who will appreciate a 6% net return. It is hard to fault from any perspective!