101 Lee Street
Wellington


$380,000

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Property Features


Property ID: 3347406

1 bed flat upstairs
Offices
Reception rooms

COMMERCIAL INVESTMENT


101 Lee Street, Wellington is located in a prime position in the main street with a secure tenant in place.The tenant is the Corrective Services and they have occupied this building since 2011 and their current least runs until August 2021 with a 3 year option.

There is rear lane access to the back of the building with room to park 2 cars.Corrective Services are paying $1785.33 per month plus GST with a fixed 3% rent increase yearly.Council rates are $693 per quarter.

The premises also features a self-contained one bedroom unit above the main building which is leased separately for $150.00 per week giving you an annual return of approximately $7,800.

Contact Sterling Turner and arrange an inspection 0429 619 478

Disclaimer: Sterling Turner Real Estate have no reason to doubt the accuracy of the property information provided by various sources, however, we cannot guarantee it.We always advise you inspect the property and make and rely upon your own enquiries.