Simple Industrial Commercial are pleased to present these two (2) tenanted investments in Somerville

Located directly opposite Somerville station alongside many local retailers and offices, and only walking distance to the heart of Somerville.

We are selling the 1st floor office and shop front together or can be purchased individually.

The property is returning a total of $53,488 + GST + Outgoings

Investment Details:

Shop Front
+ Long-standing Fish & Chip shop
+ Currently returning $35,000 PA + GST + Outgoings
+ 3 year lease expiring 31/7/2026
+ 3 x further terms of three (3) years
+ 5% Annual increases
+ Approx 70sqm building area

Rear storage
+ Currently returning $6,500 PA + GST
+ 3 year lease expiring 31/7/2026
+ 3 x further terms of three (3) years
+ 5% Annual increases
+ Approx 15sqm building area

First Floor
+ Long standing Conveyancing office
+ Returning $11,988 PA + GST + Outgoings
+ Lease expiring 31/8/2024 with further term of five (5) years
+ CPI Annual increases
+ Approx 70sqm building area

10% Deposit required
30/60/90 days settlement

CALL NOW FOR MORE INFORMATION