1 Commercial Street,
Korumburra, VIC 3950

Lease Link Property Consultants are delighted to bring to the market 1 Commercial Street, Korumburra.

The property is a freestanding Office/Retail premises of approximately 351 sqm that enjoys huge exposure on the corner of Commercial Street and Bridge Street. Construction is of solid brick with a metal deck roof and a concrete slab floor. The building has been very well maintained and is extremely secure as it was formerly leased to the Commonwealth Bank for some 20 years or more.

The property is offered with a five year lease in place (commencing Feb 2021) to Spencer's Unlock Real Estate. The current passing income is $36 050.00 net with the tenant paying all outgoings except land tax. Annual reviews are 3% and there are directors guarantees and a three month rental bond in place.

This is a unique opportunity to purchase an extremely high profile freestanding property that is securely leased and offers ease of ownership and management.

For further details contact Charles Gauci on 0413 7088...