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Commercial investment opportunities rarely get better than this!
Located in the centre of Bega, this solid building is in good condition throughout and offers investors an opportunity to secure a great lease and return.
Currently leased by South East Radiology, a long standing tenant, with a lease term of 10 years + 5 year option (commenced Jan 2024).
Key points;
- 8% net return at $2,500,000
- Lease commenced January 2024
- Lease term- 10yr + 5yr option
- Current rent income $211,000pa +GST
- Rent Reviews; Annually CPI adjusted
o Each anniversary of the commencement date (Jan 1st 2024) for the initial term (10 years)
- Outgoings; the owner pays the first $9,365 of annual outgoings
- Outgoings include;
o Local council rates
o Water sewage and drainage cost
o Land Tax
o Public Liability Insurance
- Solid Building in good condition
- 20 car parks (proposed boundaries)
For more information or to arrange an inspection, call Stuart Cook from LJ Hooker on 0418 525 192