New 10 Year Lease to 2031 Plus Options – Longstanding Hardware Over 50 Years
5-11 Stock Street & 8 Roadknight Street, Lakes Entrance VIC
Property Highlights
Description
+ New 10 year anchor lease to Hardware to 2031 plus options to 2041
+ Established and successful full line hardware includes building supplies, timber and nursery
+ Annual rent increases at the greater of 3% or CPI
+ Hardware pays all usual outgoings excluding land tax
+ Well presented buildings totalling 2,250 sqm (excluding holiday rentals)
+ Huge 4,632sqm landholding with expansive 200m street frontage & dual entry
+ Two separate high quality 3 bedroom holiday rentals on title providing additional income and opportunity
+ Lakes Entrance: Year round tourist mecca with seasonal population surging over 25,000+
+ Estimated Net Income: $302,995 pa (GST Excl.)
For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021
Property Details