5 / 24 Bridge Street, Balhannah

*SOLD BY VENTURE COMMERCIAL*

FRINGE BENEFITS

Enter the exciting commercial property market at a very affordable level, and enjoy plenty of up-side opportunities!

This is a ready-leased investment and has been the home to an established boutique Hair Salon business, operating from here for over two decades.

The premises are situated within a Strata group located in central Balhannah. The complex is well maintained and enjoys plenty of shared on-site parking. Other operators within the centre include a small animal veterinary clinic, fodder store, pet groomers, quality jeweller, air conditioning business, plus group of professional offices.

Presently the passing rent is below market level, as the landlord owner has chosen not action rent reviews to their full extent in recent years. The advantage of this to a purchaser is that the below market rent limits the realistic purchase price for the property. The new owner should therefore be able to enjoy acquiring this commercial property at a reasonably low price, and then bring the rent into line with market levels at the next opportunity, potentially increasing the investment value instantaneously.

The current lease extends until 30 June 2025. At that time, the tenant can opt to renew the lease for a further 5 years and the rent can then adjust to market level. Should the tenant choose not to renew, then the premises could be re-leased to another operator at a market rent, or the property owner may instead choose to operate their own business from here, should they have such a need.

Standard outgoings are on-charged to the tenant
NO STAMP DUTY to worry about
NO GST

For further information, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:

Nigel Grivell 0414 257 999
Harry Sanders 0431 057 346