Located in the popular New Farm this small shopping centre has 3 shops and is fully leased. Total area is 410m2. Lettable area is 257m2.
Gross income is $229,600 p.a.with expenses of $9,500 p.a.the net income is $220,100 p.a.
All 3 shops have long leases with annual increase of about 4% .
Small shopping centres like thisare the favourite of astute investors and being located in New Farm makes this a steal!
Call John Sim @ 0401 043 061 asap for an inspection.