10 Reibey Street,
Ulverstone, TAS 7315

Offered for sale in the picturesque town of Ulverstone in the central business district is a commercial property with a modern hairdressing salon as tenant plus a further residential tenancy of the fully upgraded and neat and tidy 2 bedroom unit. The unit has a long term tenant with a lease in place as does the hairdressing salon currently with 2.5 years remaining on the 3 year lease.
Based on asking price this diverse property is showing a total rental yield of 6.5%.
However breaking the site up into residential and commercial to demonstrate yields shows the following rental details:
Ground floor commercial rent: $18,720 + GST + Outgoings
At a 7% commercial yield this rental income shows a potential value of $260,000 (approx.)
First floor residential rent: $10,790
At a 5% residential yield this income shows a potential value of $215,000 (approx.)
This property would be ideal for a first time commercial investor or as an addition to a portfolio or super fund.
• Ground floor commercial tenant
• New 3 x 3 lease commencing Jan 2017
• Busy and popular local business
• Long-term first floor residential tenant
• Modern and appealing 2 bed residence
• Popular location close to all amenities and shops
• Ideal addition to a portfolio or super fund

For further details on this property please phone the listing agent