38 Davis Street, Nyora VIC 3987

Situated in the rapidly growing town of Nyora is this rare opportunity to invest in a large retail building with an attached residence on a huge parcel of land, just metres from the main street.

The retail premises itself is a solid brick building comprising of a large shop area at the front, a large preparation area and a separate office/dry storeroom. A large veranda covers the footpath at the front of the shop, with two large windows to allow for plenty of natural light.

The attached weatherboard residence has a period style cottage frontage and features two oversized bedrooms, a loungeroom plus separate family room, open plan kitchen and dining room with gas cooking and bathroom with shower over bath. Other features include hardwood floors, split system heating/air conditioning and timber venetian blinds throughout.

The large 1558m2 block offers plenty of room with a full bitumen driveway, a large double garage with two separate roller doors, a double carport attached to the rear of the shop plus lots more sundry shedding. The large block has rear and side lane way access and the potential for subdivision (STCA).

The entire premises is currently leased until January 2022 on a 5 year lease and another two 5 year options until December 2031. The premises will achieve a 7% rental yield based on a purchase price of $385,000 better than bank interest!

For any further information relating to the lease or to book an inspection, give us a call.