40 Carrington Street, Lismore
Sold for $ 360,000
Beats Bank Interest Retail - Shop - Property ID: 665827 139
Located right in the heart of the Lismore CBD this fully air conditioned property would be an ideal investment offering a return well in excess of bank interest rates.
A great opportunity for the small to medium investor to add to their super fund.
The premises have a lettable area of 295m2 with an additional mezzanine area of some 100m2.
The internal walls have been repainted and the carpet is in good order. There is a toilet and kitchen in the premises.
Tenant is paying $29,556 p.a which is below market rent. Yearly CPI increases.