Sold on 27th January 2021 for $1,500,000
Property TypeUnit/Apartment
Located in the heart of Avoca Beach and offering prime street frontage is this Retail Premises with high traffic visibility.
* Floor area approx: Shop 170m2 + Garage: 19m2 + Storeroom: 5m2
* Leased to Christian Meditation Centre & Ministry
* Tenancy 1 - Net income $80,000pa + GST + outgoings
* Tenancy 2 - 2nd income Lease to ANZ for Handy Teller Machine $12,523pa including GST
* A total net income of $91,000pa, showing an attractive 5.7% return
Why leave your money in the bank!