SOLD - SOLD - SOLD
Premium Leased Investment
The one thing that most investors want is …. a secure tenant.
A secure tenant means rent paid on time and a nice long lease.
The best secure tenant is a blue chip company – Woolworths and Caltex would be two brands that you would include in the definition of ‘blue chip.’
Lets face it – we all buy food to eat and fuel for the car – almost two necessities in life.
Right in the heart of Renmark this property brags a lease to Woolworths until 30/6/16 plus another four terms of 5 years each. The rent is $134,212 pa gross approx.
If exposure means a lot, situated practically on the round-about on the main Adelaide-Mildura – Sydney Highway and adjacent town plaza…. It probably doesn’t get any better than this.
The corner site is a massive 1952 sq/mtr allotment and the building offers attractive deprecation to improve the rate of return and tax benefits.
The second point that property owners want is ….. an opportunity to improve the property.
This property has vacant land of approx 240 sq/m and approval for a second tenancy (STC) – would ideally suit a retail/food outlet that compliments fuel (STC) – you own the land, you may as well build on it.
Its time to sell your rental houses and buy a commercial investment property.
Residential generally returns 4 -5% on your investment dollar – this commercial investment shows greater than 8% and will increase again on 1st July 2014.
Confidential enquires to Warren Andrews 08 8586 5122 – 0418 700 600
RLA: 61544