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- 68 Emmett Street, Smithton
- $470,000 - $510,000
- Agency: Elders Real Estate
- Agent: Kathleen Gee, 0466 679 668
- Inspect: By appointment
Elders Real Estate are happy to offer this excellent freehold investment opportunity on the busiest street, in the centre of Smithton.
This large building was originally a bank and has been converted into office space with recent refurbishments including the addition of four near new air conditioning units, freshly painted inside with new carpet and new spouting outside.
Currently set up with eleven office spaces, two toilets and a large kitchen and dining/staff room.
Positioned next to the IGA supermarket in Emmett Street the building is 327m2 and has a courtyard on either side as well as seating areas.
Leased till 28/02/2025 with a +3 +3 agreement in place and an excellent rental history.
Currently giving you a return on your investment of 5.4%.
This represents an easy, low maintenance investment with a blue-chip tenant. With a return like this why would you leave your money in the bank! If you are an astute investor you will recognise the long term value in a property like this.