13 Johnstones Lane

Colac

$340,000

Property Description

Sound and Solid Investment

This is a one-off opportunity to purchase a quality investment property with an excellent, long standing tenant in place.
• A solid, well-built brick building, featuring open plan retail or office with amenities to the rear. Low to no maintenance requirements.
• Leased to government statutory authority (Southern Rural Water) since 2004.
• Current term of 5 years commenced August 2019.
• Rent $17,348.62 per annum + GST. Tenant pays usual outgoings.
• Annual rent increase of 3% applicable.
This represents a blue chip opportunity to acquire an excellent entry level investment property, ideal for those with self-managed super needing consistent healthy returns.

Property Features

Land Size

80 Square Mtr

Location

Agent

agent picture

Anthony McDonald

Director, Rural Property Sales Manager, Auctioneer, Leasing Consultant

Agency