293 - 295 Raymond Street,
Sale, VIC 3850
Shops & Retail • Offices
Price information
Sold
$360,000
Key property information
Land area
Floor area
Property extent
Sold on
Map of 293 - 295 Raymond Street
PRIME COMMERCIAL INVESTMENT PROPERTY
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!
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!
Property ID: 503478578Last Updated: 31 Jul 2020
04193818...
293 - 295 Raymond Street
Sale, VIC 3850
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