Market Updates

July 12, 2016

Back Cracking Investment

Nichols Crowder is offering a retail investment, ideally located in a popular group of shops, for Public Auction on Thursday the 4th of August at 12noon on site.

According to Nichols Crowder Senior Sales Executive, James Glen, “Investors these days are putting more importance on having a secure and long standing tenant. This retail investment provides this with a business that has been operating from the same premises for over 40 years.”

Leased to a long term operator, Black Rock Chiropractic Centre, with a brand new three year lease commencing 28th of September 2016, the property returns $42,250 per annum. In addition, the tenant pays all out goings (excluding land tax) and has one further option of 3 years.

The property itself is exceptionally presented with fully carpeted rooms and glass fronted windows, providing great natural light. Well positioned in a highly sought after location, there is an abundance of car parking out the front for customers and clients.

With an anticipated selling price of around $850,000, the property is ideal for investors looking for a secure investment.

For further information, contact:

James Glen on 0401 493 277