- Unique retail investment opportunity
- Landmark location near David Jones
- Net income: $29,824 per annum approx.
- Ground floor positioning with illuminated signage
- Secure 5 year lease in place with 5 year option
- Large frontage with floor to ceiling glass windows
- Reputable Tenant (Est. 1918) with excellent trading history
- Tenant has been in occupation for 18 years
- Secure lease with 3M Bond and Personal Guarantee
- Situated at ground level of large commercial building
- Modern and stylish presentation
- Open plan and efficient layout
- Well maintained building with low Outgoings
- Close to Westfield Shopping Centre and Pitt Street Mall
- Close to Town Hall and St James Stations
- Prominent position between Park and Market Streets
- Popular location next to the newly developed ANZ Tower
SIZE - SHOP 3 (LOT 4)
Internal retail area - 32m2 approx.
TENANCY STATUS - LEASED
Tenant - Baker's Tennis Shop and Restringing
Lease term - 5+5 years, commencing March 2014
Rental - $34,080 per annum approx.
Rental increases - CPI annually
Outgoings - Tenant pays Water rates
Lease security - 3M rental plus Personal Guarantee
OUTGOINGS
Strata levies - $867 plus GST per quarter approx.
Council rates - $197 per quarter approx.
Water rates - $54 per quarter approx.
NET INCOME
$29,824 per annum approx.
CONTACT DETAILS
Ross Ladd - 0449 286 129
Tim Noonan - 0416 286 129
Noonan Property - 9231 6000