Fronting Deloraine's busy retail/commercial strip, this securely leased property has all the hallmarks of a comfortable and passive investment.

Two major, long established tenants occupy the property which is further enhanced by valuable on-site parking, plus further capitalisation opportunity by renovating and letting the upstairs "apartment".

Current income from rentals is $33,600 (approx.) per annum.

Lease terms extend to 2013 (Tenant "B") and 2017 (Tenant "A"). Tenants are responsible for approx. 90% of "outgoings".

Offers around $390,000 will be considered.

Please contact David Webster on 0419 516 629 to discuss further.