Somerville - GREAT SECURITY AND INCOME

Description

Presenting a remarkable property for sale, a tenanted single-level 100m² retail unit that will captivate the interest of savvy investors. Currently occupied by a successful Korean restaurant with an impressive 13 years of trading history, this property is a testament to its enduring popularity.

Strategically located on a corner location, this unit enjoyed exceptional visibility, ensuring maximum exposure to potential customers. Surrounding this prime location are a plethora of amenities and affluent residential communities, guaranteeing a steady stream of foot traffic and a built-in customer base.

The current rental income for this property is $48,000 per annum + GST, offering an enticing opportunity for a lucrative return on investment. The lease term extends until 2028, with the added advantage of rights of renewal for 3x4 years, extending the lease all the way to 2040.

With a current CV of $780,000, this property is not only an ideal option for those seeking a foothold in the thriving hospitality industry but also for astute investors looking to bolster their portfolio with a valuable asset.

Enquire now to seize the benefits and secure a prosperous future in the vibrant world of real estate.