THIS rare commercial freehold at 161 Graham Street is an opportunity to get into the retail market.
The shop is of brick construction and located in the ‘Golden Mile’ of Wonthaggi’s main central business district.
The ground floor measures 113 square meters of retail space.
Upstairs there is a fully self-contained and newly renovated one-bedroom apartment, which conveniently has its own separate access point.
You can easily park four cars out the back as there is a further 274 square metres of land which is common property and shared with the shop at 163 Graham Street.
The current tenants trading as “Sensational Sandwiches” have been operating an extremely successful business from the premises for many years and have a current three year lease in place with a remaining further option of three x three years.
The tenants are also responsible for all the monetary outgoings associated with the building including rates and insurances.
At the asking price, the current rental return is a very healthy 6.13 per cent.
For a private inspection please call 5672 1833.