247-249 Wyndham Street SHEPPARTON

Commercial Freehold with Over 8% Net Return

This charming commercial freehold is ideally located in the heart of Sheppartons CBD. Offering an iconic restaurant downstairs and a 2 bedroom residence upstairs, this property has been occupied by the same business for almost 30 years. Currently leased at $52,972.88 plus GST plus outgoings until March 2018 with a further option of 5 years.

Property features include:
-Land Area: 476m2 (approx)
-Building Area: 305m2 over two levels (approx)
-Rear access with onsite car parking
-Outdoor dining
-Storage area
-Long term tenant
-Current business occupying the property for almost 30 years
-$52,972.88 plus GST plus outgoings
-CPI increases annually
-Market reviews at the end of each term