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Sold

60 Frankel St, Carey Park

SOLD

GREAT INVESTMENT OR STOP PAYING YOUR RENT AND OWN!

This property offers huge potential for not only investors but also business owners wanting to stop renting.

This commercial property would be great for investors offering a great return. The current lease agreement expires in April 2021, it is a great time to delve into the investment property market with a 7+% return and the tenant pays the outgoings. This is a great time to step into the investment market and become and owner of this investment property. 

If you are looking to start your own business and this would be a great opportunity to do so. When you are running your own business you would see that the interest rate on a loan of this amount would be much less than the expected rent. Making it a perfect opportunity to work and own this commercial space. As mentioned above there is a tenant in until April 2021 giving you some time to plan your move. 

Currently the commercial space is a takeaway however zoned as "Local Centre" there is the ability to change the usage with the correct application to the City of Bunbury.

The Frankel Street shops are a pivotal part of the Bunbury Heritage. These shops were established in 1950's, making it a landmark and heritage listed. The nice thing about owning Heritage is that they often offer incentives and grants to assist maintenance. Also you get to own a part of Bunbury's history! Other shops in the strip are a successful medical centre, bottle shop and catering business. With ample parking out the front you can more than count on customers finding your store easy to access. 

Please contact Celestine today if you have any questions on 0435 824 123.

 

Details

Address 60 Frankel St, Carey Park
Price SOLD
Property Type Commercial
Property ID 361
Category Retail
Land Area 240 m2

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