This will be sold this time - Auction!
This high yielding investment with fantastic exposure on Broadway, Newmarket is underpinned by a five-year lease to Seedling and a strong rental return of $150,000 net per annum plus GST and outgoings.
Key Investment Highlights
- $150,000 net rental income per annum + GST and outgoings
- Five-year lease providing long-term income security
- Tenant: Seedling
- Rental growth: Fixed 2% annual increases
- Market rent reviews every three years
- Rights of renewal: Two further five-year terms
- Security: Six-month bank guarantee plus directors’ personal guarantee
- Sale and leaseback structure providing an established tenancy from settlement
Combining attractive holding income, contractual rental growth and additional security provisions, this is an appealing opportunity for investors seeking a quality commercial investment with long-term income potential.
Call sole agents today for more information.
