High Yielding Freehold Commercial Investment!
- 10.5% net investment
- Long standing and successful Tenant
Batchelor is located 95 kilometres south of Darwin on the way to Litchfield National Park, and west of the Stuart Highway.
22 Tarkarri Road is located in the geographical centre of Batchelor.
The Batchelor General Store is the Tenant and a long standing successful business catering to a captive market. The building is 750sqm (approx.) positioned on a 3,870sqm commercial (C) zoned site.
The improvements consist of the two petrol bowsers and canopy, the General Store that is 300sqm (approx.), takeaway store of 100sqm (approx.) with a full commercial kitchen installed, the back of house area that consists of toilets, cold rooms, and store rooms. Additionally, there is Australia Post facilities with a bank of 259 Po Boxes down one side of the building.
There is a 5 year Lease in place that commenced in 2017 with 2 x 5 year options and a current passing net income of $85,312 + GST per annum.
For more information please contact Ryan Doyle 0405 192 389 or Lee Doyle 0403 348 243 at North Commercial NT.