101 Lee Street Wellington
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 $1963.86 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.A combined income of over $30,000 (excl GST)
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.
Sterling Turner Real Estate
24 Maughan Street
This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.