This secure retail investment offers a prime location with an established, long-term tenant. Don’t miss your chance to secure this high-return property in a bustling, well-established shopping precinct. Key Features: Tenant: Yasemins Grill and Kebabs – a popular, established business Net Income: $69,345 p.a. + Outgoings + GST (increasing to $71,772 from 01/08/2025) Lease: Five (5) years commencing 1/08/2023 Annual Increases: 3.5% Options: Two further five-year terms Building Area: 62sqm (approx.) Wide Shop Frontage with excellent exposure Rear Access for convenience Surrounded by Key Retailers: Coles, Vintage Cellars, Chemist Warehouse, Grill’d Burgers, and other specialty stores On-Site Customer Car Parking for added convenience Established Neighbourhood Shopping Centre with strong foot traffic With a long-term lease and consistent rental growth, this property presents a secure and stable investment in a high-demand retail location. Outgoings payable by tenant estimated at: Council Rates: $3,050 per annum plus GST Water Rates: $1,250 per annum plus GST Owners Corporation Fees: $2,500 per annum plus GST Auction Details: Date: Wednesday 5th March Time: 12:30 PM Location: On-site at 59 Tunstall Square
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Properti ID: 504779152