•Fully income producing standalone returning $38,740 per annum + GST/OPEX
•Single long-standing tenant on 2-year lease term plus 3 x 2-year renewal rights
•Prime CBD location with four on site carparks accessed from rear service lane
With extensive additions and refurbishment completed in 1987 this 180sqm (more or less) ultra tidy single level commercial premises has been home to the current tenant for over 20 years. Apex Insurance group has been recently acquired by UK based Howden Group which has global representation.
Residential investors should compare real net returns with this commercial investment based upon a net lease with the tenant paying rates and insurance.
Well maintained and located commercial properties in this price range are few and far between. Thames is often described as the “engine room” of the Coromandel Peninsula with a strong commercial sector, wide ranging professional services representation, and a sub 10% “main street” retail vacancy rate.
Asking Price $645,000 including GST.
Call now for an appointment to view.
