113 York St, Launceston
For Sale $785,000 -
FREEHOLD PREMISES WITH LONG TERM TENANT - High Rental Returns
Commercial Property for sale in busy York Street WITH SECURE LONG-TERM TENANT
This versatile and prominent York Street property provides approx. 200m2 of ground floor retail space, currently leased since 15 Jan 2018 by Fully equipped Restaurant with 5+5+5 Lease in place – for $900 + GST per week + 75% Outgoings. Future Potential could certainly suit as professional offices or service centre.
Accommodation is enhanced by a fully self-contained first floor flat which has just undergone a complete re-build and re-fit and provides two bedrooms approximately 80m2 – currently tenanted under 1-year lease for $280.00pw till 14 Feb 2019
The property holding also includes a side alley which allows for "end to end" parking for up to three vehicles.
A versatile property with high exposure to busy York Street, ideal for commercial investors/SMSF Buyers or owner occupy.
Land Size – approximately 297m2
Land Use: shop, business, retail, trade.
Approx Total $66,040 per annum - rental return - this is more than 8.47% ROI
Sound ROI for this commercial property in excellent York Street Location.
Enquire today and call us on 02 9771 6555 | 0479 144 888