In today’s market a true set and forget investment returning 7.5% with a long term tenant and strong lease terms is becoming more and more hard to come by. 34 Smith Street is an outstanding opportunity for the astute investor who is looking further than the major centres to secure a high yield.
Circular Head Bodyworks is the existing tenant and has been for many decades, current business owner commenced her apprenticeship in this building 37 years ago, this is a very well established business that is supported well by the local community.
The freehold property 34 Smith Street, Smithton is being offered to the market via expressions of interest with offers invited over $400,000
Features include:
-Building: 588m2 approx. across two floors
-Land size: 1,520m2 approx.
-Zoning ‘General Business’ (15.0)
-Central position in the centre of Smithton
-5 Year lease with 1 x 5 Year option
-Net income of $29,816pa ex GST
-All outgoings fully recoverable from tenant
Outgoings: (previous financial year)
Land Tax: $737.50
Council Rates: $2,410.07
TasWater: $1,936.00
To learn more about this property, contact Andy at Howell Property Group.
