Cinema Complex with Long Term Tenant Located on the Beautiful NSW South Coast!
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An exciting and unique opportunity to own the premises of a four screen compliant cinema complex has now become available.
Located in the popular NSW South Coast holiday destination of Batemans Bay, the complex is ideally situated in the heart of the town's CBD and on the main thoroughfare to the waterfront shops, cafes and restaurants.
Key Features & Benefits:
* Tenant is a long established and highly profitable Cinema Complex
* Trades 7 days & 7 nights
* Fantastic location on the beautiful NSW South Coast
* Eurobodalla shire is currently experiencing a high rate of population growth which is expected to continue for years to come
* Only cinema complex in the area, with the closest competition being located in Ulladulla and Narooma
* Gross Rental Income $191,822
* Net Rental Income $158,911
* Yield 6.5%
* Outgoings of $32,911 to be paid by tenant
* Terms and conditions of lease to be negotiated
Both the property and the business are owned by the vendor. The business is also for sale and our preference is to find the same buyer for both. Should this not be possible, we are seeking a property buyer who is prepared to allow for both the business and property sales to happen simultaneously.
Sale Price $2.45M OR $2.75M INCLUDING THE BUSINESS.
NB: The business is currently listed for sale at $750,000.
This is an exciting and unique opportunity not to be missed. Make and enquiry TODAY!
For more information about this property please contact Michael Newham of Finn Business Sales on 0419 263 014 or email email@example.com