Possible CF+ deal Geelong

[Andrew]

Hi all, I came across this and while I'm not interested I thought maybe
someone out there might be.

26sq 4 bedroom home above Chinese takeaway & Baker's Delight.

$495,000 for the lot.

Chinese Takeaway & Baker's Delight return $200/week each.

Vendor will lease back upstairs $250/week for 6 months.

Depending on who pays the outgoings on the downstairs there's a possible
6.8% return here. You might be able to get it cheaper to get your yields
up a bit.

I believe the shops are both on a 5x5x5 lease with 5% increases starting
2001.

The bloke who is selling it is named Frank, his number is 03 52787551.

n.b. I have absolutely no affiliation with the vendor, I just saw the ad and
rung the guy to ask him about the leases. I'm not getting anything out of
this and have no other information.

andy

 

[BUNDY]

Andrew,

Do youhave the address of this property at all. Is Frank the owner or an agent?

BUNDY

 

[Andrew]

Frank is the owner, he's advertising it in the classifieds in Geelong.

According to whitepages.com.au the address of Baker's Delight is:

113 Seperation St
North Geelong 3215

andy

p.s. that is whitepages spelling of "separation" not sure if it's correct or not.

 

[elwyn.d]

This was first advertized a good 12/18 months ago. So if you are interested keep that in mind. Never looked at them myself so have no comment to make.