Fantastic Commercial Opportunity!
- 1 Bed
- 1 Bath
West End Pharmacy/ Post Office
A great Main Road commercial investment property in West Cessnock, a prime busy location with excellent passing trade. Situated on approximately 809* sqm with open plan approximately 200* sqm lettable space.
This building was constructed in 1966 and has operated as a Pharmacy since. Currently tenanted to long term tenant of 17 years, with lease until November 2018 + 10 year option.
Tenant pays outgoings, as per the lease. Returning above 9.5% net pa net return.
• Gross Income = $ 83,806* plus GST (Includes expenses paid by tenant)
• Nett income = $72,182* with annual CPI rental increases
With plenty of parking available at the rear and main street for staff and clients, this property is ideal.
Call today to find out more information.
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