Are you seeking a rock-solid investment with impressive returns and long-term security? We present 305-309 Grey Street, a dynamic commercial property poised to deliver exceptional investment returns.
Investment Highlights:
- Outstanding Returns: Currently delivering a remarkable 8.4% Gross and a solid 7.1% Net Return, this property represents a rare opportunity to secure a substantial income stream for savvy investors.
- Stability & Longevity: With three years remaining on the current lease and an additional three-year option, your investment is secured well into the future. The tenant, one of the premiere hospitality businesses in town, not only survived the challenges of COVID but thrived, underlining their commitment and resilience.
- Property Features: The property's enduring brick structure with a charming tin roof ensures minimal maintenance costs. It comes with essential features like disabled ramp access, a newly renovated café/bar, and separate service access. Plus, the sale includes most large equipment, making it an easily lettable premises, ensuring a seamless transition for new tenants.
- Prime Location: Situated on the bustling main street of Glen Innes CBD, this property is at the epicenter of a thriving retail and hospitality precinct. Ample street parking guarantees accessibility and foot traffic, contributing to the sustained success of the tenant.
If you're searching for a commercial investment property that offers immediate, substantial returns with a proven tenant and long-term stability, 305-309 Grey Street is your golden opportunity. Contact Matthew today for an inspection on 0437 015 018
