Premium Retail at Entry-Level Price

The Details

Location: Canberra, ACT

Type: Retail

Purchase Price: $580,000

Net Rent: $35,000

Net Yield: 5.67%

Cashflow: $6,410 (70% loan at 6.5%)

Total Return Including Capital Gains: (cashflow + 6% growth) $35,410

Lease: 3+3 year lease

Total area: 46sqm

What we like about this property:

No stamp duty and No land tax

1 allocated car space

Prominent and visible presence on the ground floor.

Located in a high-traffic area due to pedestrian overflow from Canberra Centre.