Just a green circle
Commercial

SMSF Purchase - Commercial Property

Purchase Price

$465,000

Current Value

$500,000

Location

Mentone, VIC

Equity Gain

$35k

Rental Yield

5.7%

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Quick Property Description:

Type: Retail (Barber Shop) with 1 Car Park on title. Cashflow: Approx 1968 pa (70% LVR @7.5% interest Fresh 5 Year Lease signed Stable Business - Local Barber for almost 15 yrs and in the same premise for last 5 yrs. 4% Annual rent increase Prime Location - Thriving Residential, retail and commercial hub Foot Traffic: Busy Street frontage, apartments on top ensuring consistent clients and income for business.

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