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Brand New Lease - Brand New Development - 6% Net Return
Retail
112m2
Location
Brand New Lease - Brand New Development - 6% Net Return
Retail
112m2
Location
Brand New Lease - Brand New Development - 6% Net Return
Shop Area: 112sqm. Plus 6 car spaces. Brand new development with brand new 5 year lease. This in demand retail/bulky goods strip attracts quality tenants and little vacancy.
Lease:
Tenant: Hairdresser
Lease Commencement: March 2016
Term: 5 year lease + 5 year option
Rent: $52,640 + GST Net
Outgoings: 100% paid by tenant
Bond: Equivalent to two months rent inclusive of outgoings and GST
Featuring:
*Brand new building
*2 titles for future flexibility
*Full depreciation
*Open plan, column free
*6 Car spaces and loading dock
*Exposure to busy Condamine Street
*For Sale: $875,000 ex GST
With Woolworths, Bunnings and the multiple new residential developments along Condamine Street this area is one to keep your eye on. Get in early, make you mark and expand you portfolio with this excellent investment.
Location: At the gateway to The Northern Beaches for over 50,000 daily commuters to and from the city via Spit Bridge and Burnt Bridge Deviation on the western side of Condamine Street, Manly.
**All rentals are per annum and quoted areas/measurements are approximations only**
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