Land, Garage + OPTUS Lease

Located on a large 3200m2 allotment in the Tumby Bay Industrial area is this fantastic lot.
A 9 year lease still remains to OPTUS corporation for a small portion in the rear corner for approx $500 p/m + CPI offering a great steady income stream for years to come.

There is also a large 3 bay garage that could also be leased out as storage to increase the rent return of the property also. The garage currently has been modified internally to offer a bedroom, shower and toilet facilities with the septic tank installed and connected.

There is also a 5.5kw solar panel system and with no electricity useage currently, this also returns approximately $2000 p/a towards the property returns.

The whole property is fully fenced with quality fencing in good condition, has mains water connected and a rainwater tank and of course has mains power connected to the garage also.

This represents a good long term investment with plenty of options to increase the return also.