A Grade Investment with approximately 8% net return
BJ Bennett & Co Real Real Estate Morwell.
Morwell Storage Units
79 well presented storage units, office and approximately 1700m2 vacant land for further development. Features security fencing, cameras, electronic entry, asphalt driveway, fire service. Showing excellent long term gross return of $80,000 to $81,000 per year with net returns $65,000 to $67,000.
The vacant land could be further utilized to develop other business or increase the storage to accommodate caravans, boats, cars etc.
A rare opportunity to purchase a secure business with a steady income and the opportunity to increase it.
A genuine vendor as the present long term owners seeks to retire.
Priced to sell at a negotiable $850,000. Do your sums.