Description
This is a rare and affordable investment property in popular Great Western Wine Village. A very sound investment due to a fixed 12 year lease currently returning around $16,000 p.a. (10% return or better) with fixed 4% p.a. increases. Astute investor will not hesitate. The shop operated by the tenants is the Post Office, Newsagency, Takeaway Cafe & General Store servicing the local community and busy Western Highway tourist trade. The freehold property includes store & 3 bedroom residence situated on approx ½ acre corner site with Heritage facade (Circa 1862) and Western Highway frontage. Do not hesitate for this fantastic investment opportunity in the famous winery region.
Was for Sale
- Publish Date: 05-02-2010 10:46:30
- Contact name: Phil Clark
- 79 times displayed
- Website: www.smfn.com.au
- Location: Australia
- Business: Spalding McCutcheon First National
- Price: $150000
Place:
93-95 Main Street, GREAT WESTERN, VIC, Australia, 3377
Average Price in GREAT WESTERN ... 