Cinema Complex with Long Term Tenant! **Huge 6.5% Potential Yield!


Cinema Complex with Long Term Tenant! **Huge 6.5% Potential Yield!

Independent Business Batemans Bay 2536, NSW $2.45M

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, multi-site, and highly profitable cinema operator
* 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 approx.
* Net Rental Income $158,911
* Outgoings of $32,911 approx. to be paid by tenant
* Terms: New 10 year lease with 10 year option
* 3% annual increases
* Newly renovated inside and new roof

Sale Price $2.45M

**Huge 6.5% Potential Yield based on current reported rent receipts and current listing price. Buyers need to make their own enquiries to confirm this is accurate to their situation.

This is an exciting and unique opportunity not to be missed. Make an enquiry TODAY!

For more information about this property please contact Michael Newham of Finn Business Sales on 0419 263 014 or email michael.newham@finnbusinesssales.com.au