Portofino Building on Gill Street as an Investment is now For Sale with Three Secure Tenants in place.
Excellent Central City Investment location, being opposite Centre City Shopping Centre, adjacent to The Metrotel Motel and just off the Currie Street Intersection, with high pedestrian flows.
Three Secure Leases are in place and the Tenants are paying a share of the property outgoings.
Plus a Ground floor rear Office is available for lease.
This two-story building has a total floor area of 510m2 and with four onsite carparks at the rear off Hayton Lane.
Investment in cash flow now and the future development or apartment potential!
When the Investment is 100% leased the potential net yield is 10.5%.
Inspection by appointment only!
Nett Yield: 9.5%
Rates Annual: $11,233.74 including GST
Land Area: 379m2
For Sale: P.O.A
