Freestanding Dual-Tenancy Retail with Excellent Exposure

The Details

Location
Newcastle, NSW
Type
Retail
Purchase Price
$2,225,000 – Going concern
Rent
$117,395 per annum
Yield
5.28%
Cashflow
$21,158 per annum (70% LVR at 6.5% interest rate)
Total Return (incl. capital gains)
$132,408 (cash flow + 5% growth)
Lease
New lease in place until 2031 with fixed increases
Total Area
227 sqm approx

Why We Love This Property

  • Freestanding building with 2 tenancies
  • Annual fixed rental increases
  • Modern improvements and high quality fit-outs
  • Approved food and beverage tenancy
  • Recession proof medical tenancy
  • High volume of road and foot traffic daily
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