Two shops on Devon Street and Red Cross Store on Gover Street!
Vendor retiring their investment after 33 years of ownership. Options to purchase are -
1. Own your own retail premises plus the Freehold investment.
2. The vendor is prepared to discuss a Leaseback for the current vacant shop and then this Investment will be 100% leased
3. Vendor First Mortgage up to $700,000 is available at 6.5% interest.
This Investment has two shops Leased being The Red Cross Store at 18 Gover Street and the Flame Restaurant on Devon Street. Plus a spacious basement garage with leased parking.
Potential income when fully leased is $125,000 approximately
The shop currently vacant is 218m2 with rear access and loading bay off Gover Street. For Lease $39,500 per annum plus OPEX and GST.
Seismic Rating "C"
Lettable area: 846m2 + Basement 615m2
Land area: 865m2
Rating Value: $1,640,000
For Sale: $1,550,000 plus GST
