150-154 Barkly Street
Ararat VIC 3377
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Dual income on this wonderful opportunity
Located in the heart of the Ararat CBD, this wonderful building has just entered into a 5-year lease with the new business owners with 2 further 5-year options to utilise. Currently getting $32,000 per annum with annual CPI increases and potentially getting an additional $14,300 per annum from the other upstairs unit once vacated. This will give an estimated 7.78% return. Set on an approx 429 sqm block this versatile commercial building has flexibility. Downstairs has the retail and commercial space (currently operating as a newsagent and Tattslotto) and upstairs has 2 x 2-bedroom units. Both units have front and rear views overlooking the city and surrounds. There is a double garage at the rear, 2 outside toilets, a shed, and accessible parking from the rear lane. Act now and call the selling agent today on this perfect opportunity for the astute commercial investor.Features
General Features
- Land Area: 429sqm
- Commercial Type: Retail
- Building Area: 300sqm
Can I afford 150-154 Barkly Street?
Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.
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