Entry Level Freehold Investment with Upside
123-127 High Street, Kangaroo Flat VIC
Property Highlights
Description
+ Brand new 5 year lease to 2025 plus 5 year option to 2030.
+ Lease to John’s Flower Box, experienced operator in business for over 30 years.
+ Fixed 5% annual increases.
+ Tenant pays usual outgoings.
+ Substantial 899sqm landholding with future upside & expansion opportunities (STCA).
+ Recently fully refurbished building with large 17 metre dual street frontage.
+ Prominent location, surrounded by national businesses such as Aldi, Chemist Warehouse, Australia Post, McDonalds and KFC.
+ Minimum management investment.
+ Additional income from CBA ATM lease to 2022 plus option to 2025.
+ City of Greater Bendigo: Victoria’s largest inland city with a current population of 121,349 and forecast to grow to over 155,000 by 2041.
+ Net Income: $39,033 pa + GST.
For Sale by Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021
Property Details