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.