The Investment
* 190 sqm of lettable floor space across 2 tenancies
* Space for 2 car spaces at the rear
* Front tenant Halfpenny Pharmacy paying $50,392.80 per annum net
* Current lease expires December 13 2026 plus 3 x further options of 5 years
* 3% annual reviews (+ market reviews at each option)
* Rear tenant Statewide Sewing Centre paying $15,000 per annum plus outgoings and GST
* 1 year lease plus 2 x further options of 2 years
* 3% annual reviews
* Total return $65,392.80 per annum plus outgoings and GST
The Location
* Located in arguably the best section of Sydney Road
* Bell Street 150 metres to the north
* Over 1000 car spaces at the rear
* Nearby operators include Coles, Woolworths, Chemist Warehouse, ANZ, Commbank, Westpac, Dan Murphys, and Dominos Pizza
This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.
