Presenting a fantastic opportunity to invest in a prime commercial property located in the vibrant town of Denmark, WA. This property is currently leased to the popular Denmark Bakery, a long-standing and successful local business.
Property Highlights:
• Tenant: Denmark Bakery, known for its strong presence in the community.
• Lease Arrangement: Secure 10-year lease (June 2034) with options for two additional 5-year extensions, reflecting the tenant's commitment to the property.
• Rental Income: $26,000 per annum plus GST, payable monthly at $2,166.67 plus GST, along with Variable Outgoings (VO's).
• Internal Fittings: All fittings, including cool rooms, are owned by the tenant, simplifying property management.
• Additional Features: Includes an office space and toilets, enhancing the functionality of the building.
• CPI Review: Next review scheduled for July 2025.
• This property is offered as a going concern.
• Building space approx. 278 sqm, Land approx. 903 sqm
• Price: $450,000.
Situated close to the town centre, this property offers an opportunity for investment with an established tenant in place. Discover the potential of this commercial asset in Denmark's thriving community!
For more information and your private viewing, contact Leisha Davis 0431 879 697 or Dennis Davis 0428 481 940 today!
