Blue chip investment opportunity in a growing regional city, featuring a solid brick retail premises fronting the Princes Highway (Murray Street) and with convenient rear lane access for deliveries and loading. The property is positioned among fast food and convenience retailers on the busy Highway.
Haymes Paints retails from the site, with a 20 plus year history of business in this location. The property provides a solid $33,736 per annum income stream with the benefit of annual 3% rent increase. The current five-year term has more than two years remaining, with a further five-year option to follow, with a market review applicable at the option date.
This is a golden opportunity to acquire a sound investment, which will ideally suit those seeking an easy to manage investment, with some potential upside. It should be of particular interest to those with self-managed super funds seeking cash flow and growth.