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77 Pine Avenue, MILDURA VIC, 3500

Sold
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Property Sold in 77 Pine Avenue, MILDURA VIC, 3500

Listing ID:
11377495
Status:
Sold
Price:
$370,000
Last Updated:
23/06/2020
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Property Type

Retail
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BLUE CHIP INNER CITY COMMERCIAL PREMISES

Every now and again an opportunity arises to purchase an investment property showing good returns (5.57% net) with an outstanding tenant and a great location. Nestled in the ever-expanding CBD of Mildura, the property boasts a 396 sqm (approx.) allotment with lane access and parking for 6 vehicles at the rear. The contemporary building of approximately 137 sqm encompasses an entry/reception area, open plan studio, waxing room, treatment room and bathroom. Currently tenanted for $20,632.72 (Ex GST), the 3x3x3 year lease commenced on 30/1/19 with 3.5% annual increases. If you cant get no bank satisfaction, then look no further.

For more details, please email agent

Paul Modica Real Estate

162a Eighth Street, Mildura, VIC 3500


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