Secure a freehold commercial investment in the heart of Glen Innes, offering immediate rental income and the security of a long-term tenancy.
Positioned within the established Mayfair Place retail precinct, this approximately 92sqm retail premises is leased to a well-established nail studio, with around 6 years remaining on the current lease, providing investors with a reliable income stream upon settlement.
The property also includes two exclusive-use car parks and is currently returning $700 per week. With an established tenant already in place, investors can enjoy the benefits of a set-and-forget investment while capitalising on the continued growth and regeneration of the Glen Innes area.
Surrounded by a mix of long-standing local businesses, everyday amenities, and a growing residential catchment, the location continues to attract strong local patronage and long-term demand.
The vendor's instructions are clear: this property is to be SOLD TODAY!
Property Highlights:
Freehold retail investment
Approximately 92sqm floor area
Two exclusive-use car parks
Established tenant with approximately six years remaining on the current lease (including 3 rights of renewals of 3 years each - enquire for the lease document).
Returning $700 per week (Currently on a reduced rent of $500pw - Enquire for more details).
Council Rates: around $4,337 per annum
For further information please get in touch.
