261 The Entrance Rd, THE ENTRANCE, 2261, New South Wales

  • 200sqm
22784185.full

Subject: 261 The Entrance Rd, THE ENTRANCE, 2261, New South Wales

Sold

Sold for $695,000 (Jul 11, 2018)

Price reduced! Vendors want it sold! Present all reasonable offers...

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.

Lease details

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 Area200 sqm
Lease End15 June 2022
ZoningB2 - Local Centre
TenantedYes
Water Rates$3,304.40 per annum
Council Rates$3,533.71 per annum
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Raine&Horne Commercial - Erina

Raine&Horne Commercial - Erina

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