16A Canning Street BEGA NSW 2550
$2,800,000

SUMMARY
10+5 YEAR LEASE, 7% NET RETURN
PROPERTY DETAILS
Price
$2,800,000
Listing Type
Residential For Sale
Property Type
House
Method of Sale
For Sale
DESCRIPTION
Commercial investment opportunities rarely get better than this!

Located in the centre of Bega, this solid building is in good condition throughout and offers investors an opportunity to secure a great lease and return.

Currently leased by South East Radiology, a long standing tenant, with a lease term of 10 years + 5 year option (commenced Jan 2024).

Key points;
- 7% net return at $2,800,000
- Lease commenced January 2024
- Lease term = 10yr + 5yr option
- Rent income $205,000pa +GST
- Outgoings; the owner pays the first $9,365 of annual outgoings
- Outgoings include;
o Local council rates
o Water sewage and drainage cost
o Land Tax
o Public Liability Insurance
- Rent Reviews; Annually CPI adjusted
o Each anniversary of the commencement date (Jan 1st 2024) for the initial term (10 years)
- Solid Building in good condition
- 20 car parks (proposed boundaries)

For more information or to arrange an inspection, call Stuart Cook from LJ Hooker on Reveal Phone
INFORMATION
New or Established
Established
Carport spaces
20
Land size
1450 sq m
MORE INFORMATION
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