• Motivated vendor who has priced the property at a sharp yield of 6.75%
•Tenanted by Billy's Karaoke Bar who has been in business for nearly 20 years
•Returning $40,200 p/a plus GST & outgoings on 4 year lease with next renewal May 2022
•Downtown location opposite new regional theatre development
• Car parking on site at rear of property
In the vibrant location of Hamilton's main street hospitality hub, 161B Victoria Street is an opportunity to secure your spot on the commercial property ladder.
Tenanted by Billy's Karaoke Bar with an annual rental of $40,200 plus GST and outgoings, this investment is perfectly positioned to take advantage of high profile nearby developments, including Union Square and the new $74m regional theatre. The area is only going to attract more attention.
With interest rates at an all time low, assets generating this level of return are hard to find. Call the sole agents now to discuss adding this property to your portfolio.
B/161 Victoria Street, Hamilton CentralOpen in map