Shopping Centre High Yields & Fully Leased For Sale

Business description

Netting 7.7% to 8% yield (indexed), this fully tenanted 900m2 retail and medical use complex is secured by long term leases up to 25 years! Furthermore, all maintenance and caretaking of the centre is outsourced and paid as outgoings. This opportunity is Ideal for those wishing to diversify their commercial investment property portfolio. Alternatively, those seeking to secure a safe passive investment income must enquire!

Featuring:
- Yields of 7.7% to 8%
- 900m2 approved retail & medical use
- Freehold Land 4353m2.
- New buildings & site improvements over $1M
- Tenants include branded supermarket, café, pharmacy and doctors surgery.
- CPI & market reviews
- Rents plus GST & Outgoings.
- All outgoings covered under lease agreements
- Approved by FCRC
- Area 12 month growth rate at 8%

Make no mistake, this is a rare find and will attract significant interest as it has broad appeal to ALL property investors.

Property information

Real Estate:

Real Property Included

Location:

Prime corner location in high growth area.

Premises details:

900m2 of retail / medical use approved by local authority. 800m2 of the site is new.

Planning consent:

Fully approved by FCRC

Business Operation

Competition / Market:

No nearby commmercial / retail centres

Reasons for selling:

Built to be onsold to investor