293 - 295 Raymond Street,
Sale, VIC 3850

Set in the heart of Sales CBD precinct is this outstanding commercial freehold that could be the jewel in the crown of your investment portfolio.
With a brand new 5-year lease in place until the 1/7/2025 at a solid annual rental return of $24,620PA plus GST & all outgoings, which represents a strong yield of 6.56%. Much much better than you will get off a term deposit.
The current tenants Ranfords Family Butcher run a very successful business and are in for the long haul, with the new lease just set in place and another 5-year option potentially taking the tenancy right through to 1/7/2030.
There are annual rent increases of 2.5% within the lease term and a market review at the start of the second term.
The building has been utilised as a butcher shop for a long time with Donovans Meats in occupation for many years prior to the Ranfords taking over.
Great Condition! Awesome Location! A1 Tenant! Attractive Yield!