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Reference: 413
Location: Wollongong
Number of Places: 28
NET: $75,000
Rent (Per Annum): $75,000
Sale Price: $1,150,000
Sold
Located 1.5 hours South of Sydney - Great entry level passive investment. Centre has been mostly refurbished inside, with new kitchen and shade sails just installed. Presents well for an older style centre and trades near full all year round. Only 800m form CBD precinct, the experienced operator has several centres. New 10 year lease on offer with a further 5 x 5 year options. Net rental of $75,000 plus GST and 100% outgoings, 3% annual increase, 6 month bank guarantee…. and tenant pays building insurance!! With 3% annual increase outperform any residential investment for the same money. Lincoln Bridge 0424 370 025
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