$540,000

SOLD
Property ID 2952

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


Land DetailsLand area 476 m2


Office Details

Shepparton

location
120 Wyndham Street
Shepparton, VIC, 3630
phone
(03) 5831 3812
fax
(03) 5831 3934
email
shepparton@stockdaleleggo.com.au
Agent Details

Vincent Tassoni

Licensed Estate Agent and Auctioneer
phone
03 5831 3812
mobile
0417 374 105
view profile
Email Agent