HUGE 11% RETURN FOR INVESTORS!

Description

This commercial building is centrally located on one of the main streets of Corrigin and has a long term lease in place with the National Australia Bank and offers a 11% return.

This building is circa 1920's and features an impressive external facade with the bank at the front of the building and a three bedroom house at the rear adjoined by a doorway.

Features of this property include:

- Recently modernised bank with security screens, 3 phase power, alarm systems, front ramp for easy access and everything you would expect in a bank (no photos due to security issues)
- The house features extremely high ceilings with decorative cornices, archways and ceiling roses. It needs a little bit of love and attention but definitely has strong potential. There is carpet throughout with wooden floorboards underneath which have the potential to be polished up. There are three large bedrooms, one bathroom, lounge with wood fire place, kitchen, a sleep out, laundry, toilet and two other external toilets
- 1011 square metre block with a large back garden with rear lane access and a spacious garage and single carport
- The National bank have been in this building since 1999 and has just signed another five year lease to 2019 and have the option to renew for another five years

Corrigin is located 229 kilometres east of Perth in the heart of the wheat belt. The town is clean and friendly and has a pro-active approach in improving all facets of country living creating a great alternative to the city and offers all the necessary services including medical, education, recreation, economic and social facilities.

Please call for further information or to arrange your inspection on 08 9202 3614 or 0403 577 288.

RATES:
Shire: $1822.79 per annum
Water $1890.24 per annum