This Bayside investment checks all the boxes, featuring a strong tenant, a quality lease, and a profile position - delivering an excellent yield. What more could you ask for?
The property is leased to Body Catalyst, who have immaculately fitted out the space with four treatment rooms behind a welcoming reception area including at the rear of the property a kitchen, staff room, and dual amenities. Additionally, there is a secure car space allocated with rear street access.
Currently returning $48,692.73 p/a + outgoings & GST, the lease extends to April 2027 with 3% annual rent increases. The low vacancy rate along Hampton St is driven by the area's premium reputation and demographic, contributing to strong rental growth and limited vacancies along the retail strip.
Key features include:
* Well positioned shop: 122sqm*
* Currently returning $48,692.73 p/a + outgoings & GST
* Lease expires in April 2027
* 3% annual rent increases
* Impressive tenant fit-out by Body Catalyst
* Excellent internal lighting with generous ceiling height
* Heating and cooling
* Four well-fitted treatment rooms
* Kitchen and staff room
* Dual amenities
* Welcoming front reception area
* One (1) secure car space allocated at the rear
For further details or to arrange an inspection please contact:
Matthew Duncan 0400 427 427
DISCLAIMER:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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