Prime Thames entry level investment
It's not often you have a well-known and respected tenant in an affordably priced investment property in a central location. With 5 years remaining on a six year lease this should be a great passive investment. The building has a mix of retail, office and industrial building and yard. This building is approximately 260m² and a land area of 452m² with vehicle access off a rear service lane. Thames Farm and Industrial Supplies are the trusted local experts in milking machine installation, repairs and maintenance. They also stock a large amount of pool, pump and industrial supplies. The tenant is currently paying $32,036 + outgoings + GST with a rental review at the end of 2022. The Tenant has been in this building for 30+ years and multiple business owners. The building has been adapted through the years to suit their business and they also rent an extra storage shed off a neighbouring Landlord. This is a 'Covid proof' business with work load being unaffected by recent lockdowns.