Well Located Medical Retail with a Reputable National Tenant

The Details

Location: Bundaberg, QLD

Type: Retail 

Purchase Price: $1,050,000

Net Rent: $68,168

Net Yield: 6.49%

Cashflow: $22,393 (70% loan at 6.5%)

Total Return Including Capital Gains:  (cashflow + 6% growth) $74,893

Lease: 7 year lease

Total area: 227 sqm approx

What we like about this property: 

Reputable National Tenant

Medical tenancy

Long lease in place