172-174 Raymond Street, Sale, Vic 3850

This outstanding commercial freehold set in the vibrant sale CBD represents a wonderful opportunity for the astute investor.
The property is set on one title but incorporates three properties that include two retail shops with secure leases in place and a one bedroom first floor flat with a separate access and a short term lease in place.
The total income from the property is $52,161.80 that represents a yield of 6.81%
172 Raymond St, Sale: Retail shop in secure lease to massage business, with main shop area, storage and staff amenities.
Rental: $17,198.60 PA plus GST and all outgoings
Lease 13/9/24-13/9/26: 1 x 2 year option: 3% annual increases for the life of the lease
174 Raymond St, Sale: Well fitted out retail shop with open plan retail space, well set up offices and staff amenities
Rental: $22,963.20 plus GST and all outgoings
Lease 7/10/24-7/10/26: 3 x 3 year options: 4% annual increases in term, market review at each anniversary.
174A Raymond St, Sale: First floor flat with access from rear, one bedroom, open plan kitchen/meals/living space, bathroom and expansive deck area overlooking Sale.
Rental: $1000 per month on rolling 3 month options.
It's versatile and has plenty of upside! Enquire today and make this part of your investment portfolio

For a Due Diligence Checklist go to: http://www.consumer.vic.gov.au/duediligencechecklist