• to
  • to
  • to
  • Mortgage Express
  • Harcourts Complete
  • Harcourts Complete Subscribe

Entry Level Commercial - Central Village!

Hanmer Springs, 4 Harrogate Street

Contact agent for more information

Sold
Sold
Listing Number: HS7335
About this listing

SOLD - This listing was sold in February 2017.

Extensively renovated, this is a superb entry level commercial property in popular Hanmer Springs!

* Freehold 494sqm section, Business Zoned

* Located just off the main avenue, approximately 200m from the Thermal Pool Complex

* Takeaway and delivery tenancy, with a commercial kitchen

* Current rental of $35,000 + GST, but rising to $39,000 + GST over 4 years

* Lease in place until 2020, plus additional renewals to 2032

* New roof and externally painted in 2016

* Low maintenance landscaping

Priced attractively at a current yield of 6.5%, but which will rise to over a 7% yield with the agreed rental increases!

Asking Price - $535,000 + GST (if any)

To start your commercial portfolio and for more information please contact the exclusive and local agent Harley today!
Property Information
  • Tenure: Fee Simple
  • Property Type: Other

Contact Details

Property Location

Check out similar properties you may also like