This is definitely a property that needs to be looked at by a savvy investor. Currently leased till 31st January 2024 at $24024.00pa exclusive of GST. This gives the investor a net return of 9% pa. If you are looking for ways to boost your superannuation fund then hey dont get much better than this!!! There is also rent increases each year of either 5% or CPI, whichever is the greater. This further ensures that your investment doesn’t diminish over time. The tenant is also responsible for all the outgoings that apply to this property.
The property is currently being used as a sports/camping store and has a strong presence in town with very loyal customers so that ensures the longevity of this particular business. Located in a very prominent location in the CBD of Narrogin and across from Target, this creates good foot traffic and passing vehicle traffic. Plenty of parking is available out the front also.
If you are an investor and are looking for an excellent ROI then don’t miss this opportunity. Contract Tracey today for a confidential viewing!!!