Hi, anyone interested in a block of 3 shops @ around $400000 fully leased?
Main tenant: hairdresser 3+2 x 5 x 5
other tenant: printer 2+2 then rent review
Both tenants are doing very well. Printer expanded to take over shop 2 at 20% rent discount.
Hairdresser unfortunately got too long a lease @CPI
Current council valuation is $340000 which is quite reasonable.
The neighbouring block which I own too is valued by council at 30% less than I can sell them for.
Will be looking at 7% yield. Main attraction is the property has always been under rented, because they were originally owner occupied.
KY
Main tenant: hairdresser 3+2 x 5 x 5
other tenant: printer 2+2 then rent review
Both tenants are doing very well. Printer expanded to take over shop 2 at 20% rent discount.
Hairdresser unfortunately got too long a lease @CPI
Current council valuation is $340000 which is quite reasonable.
The neighbouring block which I own too is valued by council at 30% less than I can sell them for.
Will be looking at 7% yield. Main attraction is the property has always been under rented, because they were originally owner occupied.
KY