Positioned within the established Leabank neighborhood centre, this affordable unit title retail property presents a compelling entry-level investment opportunity.
Comprising a single-level suburban retail shop of approximately 45.8sqm (approximately), the property is well-suited to investors seeking a low-maintenance asset with reliable income. The property is leased to an established beauty and hair salon operator, returning $16,000 + GST per annum. The tenancy is secured by a structured lease with multiple rights of renewal extending through to 2035, providing long-term income continuity and flexibility. This straightforward investment offers ease of management, with potential for future rental growth aligned with market reviews.
Located within a well-established suburban retail strip in Leabank, the property benefits from consistent local foot traffic and a strong surrounding residential catchment. The neighbourhood centre services the immediate community, ensuring ongoing demand from convenience-based retail operators. An excellent opportunity to secure an affordable, income-producing asset in a proven location.
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