Great Future Potential - $450000

Description

A fantastic opportunity exists to build your investment portfolio. With interest rates at an all time low, this property presents an exciting opportunity for the astute investor. The buildings comprise 6 tenancies including a residential caretakers unit. Having multiple tenancies reduces your exposure to vacancies and allows you to maintain an income even if one of the sheds were to fall vacant. Currently only one of the tenancies is vacant (132sqm) which creates a unique opportunity for a small business to buy the whole building rather than rent and subsidise the cost of running your business with the rents from the other tenants! For the investor, the current interest in the vacancy suggests that it won't be vacant for much longer. All current rents are under market value but with a bit of a clean up, you can expect the overall rents to increase significantly. Tenancies are:- Caretakers Unit - 115sqm - (Leased) Showroom - 71sqm (Leased) Shed 1 - 132sqm (Vacant) Shed 2&3 - 177sqm (Leased) Shed 4 - 57sqm (Leased) Total lettable area 552sqm Contact: Robert Webber 0412 713 457