Zoning - B2 local centre
Area - 10.06m x 50.3m = 506m2
Shop Area - unknown
Current tenant - Business called "Great Bite"
Current lease expires - 19/05/2016 (with an option to renew for 3 years)
Tenant Pays $480 per week = $23,920 per annum
Tenant pays - water and electricity
Vendor pays - Rates, Insurance and Land Tax.
Recent building improvements:
Roof and gutters - approx 10 years ago
Awning improvements - 2014
Re-wired - 2014
BARBER SHOP 7% NET RETURN
This 22m2 shop in the Forster Arcade presents a great investment to the astute buyer. Freehold opportunities like this don’t come along too often. Would you like a 7% net return and a tenant that has been in place for over 12 years?
This convenient space located between the main streets of town is suitable for most small businesses and has security doors and a separate space out the back for privacy. The arcade also boasts dual street frontage and ample customer parking.
To arrange an inspection, or for more information please call Alex Jacobs on 0400 643 317. Listed at just $185,000.