Fairfield 9 Civic Centre Arcade

An ideal investment for the small investor to yield a good income with secure long-term tenants. Located in the heart of Fairfield C.B.D. and only 200m to the railway station and bus interchange with loads of SECURITY and POTENTIAL .
There are 2 shops on the ground floor and a 2 bedroom residence/office on the 1st floor and a lock up garage at the rear. The shops both have been in occupation with the same tenants for many years (Shoe Repairer – 50 years and Hairdresser – 15 years) and will provide you with a secure long-term tenancy.
Lease Details:
Shoe Repairs – 3 year lease from 12/02/2022 to 12/02/2024 | Rental: $350 per week - $18,200 p.a.
Hairdresser – 3 year lease from 15/02/2022 to 15/02/2025 | Rental: $250 per week - $13,000 p.a.
1st Floor unit - 6 month lease expired | Rental $350 per week - $18,200 p.a.
Total: $49,400 p.a.
Outgoings: - Council: $3,472 p.a.
- Water: $984 p.a.

DISCLAIMER
We have in preparing this information used our best endeavours to ensure that the information contained therein is true and accurate however, accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective buyers should make their own enquiries to verify the information contained herein.

Property Features

• Garages 1