311 Princes Highway, Banksia

FOR SALE

$2,100,000

Property ID :

283

Lot Size

215 sqm

Description

Investment Opportunity

Huge Rental return

Long standing tenant with a new 5 years lease PLUS options, Fully refurbished Building, Fully licensed business as a Brothel, massive rental return $11,036.45 per month INC GST, CPI annual increases plus more … this property also has development potential (STCA)

New 5 year lease from August 2020 with a further 5 x 5 year options!

Zoned: B4 Mixed Use
FSR: 2.5: 1
Hob: 28 metres

Location

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Area

488 sqm

FOR SALE

Contact Agent

Commercial Central