Property ID: 17884260
Freehold tenanted retail investment!
Located on a main arterial road leading into The Entrance is this freehold tenanted retail property.
Recently renovated & with a new 5 × 5 year lease in place, the property presents a fantastic opportunity for the astute investor.
Permitted use: Restaurant & Take away food.
Annual rent: $45,747
Lease term: Five (5) years.
Option period: Five (5) years.
Rent increases: 3.5% on each anniversary of the lease.
Guarantor unlimited: Yes.
Recoverable outgoings at 100% of Water, sewerage & drainage charges, Water usage, Grease trap & associated charges, Waste management charges, Fire levy charges.
If you would like more information or to arrange an inspection, please contact Ben Purdue 0450 719 600 today.
|Building / Floor Area||200 sqm|
|Lease End||15 June 2022|
|Zoning||B2 - Local Centre|
|Water Rates||$3,304.40 per annum|
|Council Rates||$3,533.71 per annum|
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