12/221 Westbury Road Prospect Vale TAS 7250

Introducing 12/221 Westbury Road, Prospect - a fantastic opportunity for entry-level investors in the commercial real estate market!

This gem is well positioned in a high-exposure shopping centre in Prospect's Olde Tudor Shopping complex and is currently let to a popular casual dining/takeaway business.

Existing lease agreement is in place until mid 2025 with a further 5 year option available.

Lease also includes favourable terms with outgoings recoverable and annual rental increases based on the Consumer Price Index (CPI), safeguarding your investment against inflation and ensuring a steady and reliable income stream.

Don't miss out on the chance to enter the lucrative world of commercial real estate investment with this exceptional property.

- Popular, well presented casual dining tenant in situ
- Well positioned in established shopping precinct
- Generating sound rental return exceeding $320 per square meter
- Outgoings fully recoverable under current lease
- Existing 5 year lease in place with further 5 year option available
- Annual CPI increases
- Benefiting from common carparking and complementary surrounding businesses

To learn more about this property, contact Andy or Ben at Howell Property Group.

Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective customers are advised to carry out their own investigations.