Raine and Horne Commercial are pleased to present to the market via Auction, 160 Musgrave Road, Red Hill;

* 514sqm* Retail Centre located in Red Hill
* 468sqm* Freehold site with great exposure to Musgrave Road
* Fully leased investment until early 2019
* Current Net return – $113,296pa* + GST (approx)
* Established existing tenants
* Great investment opportunity within tightly held Red Hill

Freehold inner city properties of this nature are seldom offered to the market for sale, providing the successful purchaser a unique opportunity to acquire a fully tenanted and high exposure retail site within the burgeoning suburb of Red Hill.

The property is fully leased until early 2019, providing a net passing annual income of $113,296 + GST* (approx.). With Neighbourhood Centre Zoning, this 468sqm freehold site is ideally positioned at the intersection of Musgrave and Windsor Roads providing vast exposure to passing traffic for the existing tenants. The building itself is of brick construction and is split over two levels which offers approximately 343sqm of ground floor retail space and a further 171sqm on the lower level. The current layout is divided into six tenancies enabling a good tenancy mix, but would allow for some reconfiguration if required down the track.

Auction In Rooms
11am – 15 March 2017
RiverView Hotel, Hamilton
(If Not Sold Prior)

For further information or to arrange an inspection contact EXCLUSIVE AGENT Alex McSweeney of Raine and Horne Commercial.

Listing ID – 10775279