This well-located retail property in the bustling suburb of Wanniassa offers a stable income with a long-term tenant in place. With no outgoings recovered from the tenant, the property provides a predictable and hassle-free investment. The lease includes a 5-year option, ensuring continued tenancy beyond the current lease term. The rent increase scheduled for 2026 further enhances the property's future income potential.
The broad permitted usage give many potential usage for a future proof of this property. permitted usages including Retail, Take away, health facility, liquor shop, Vet hospital, Office, indoor recreation, light industry, manufacture and storage.
Lease Term: Till April 2026
Lease Option: 1x 5 Year Option
Current Rent: $42,980.00 per annum
Rent Increases: Fixed rent until 14/04/2026, then increases to $45,129.00 per annum, fixed for the next five years
Outgoings Recovered: Nil
Outgoings:
Water Rates: $747.04 per annum
Strata Levies: $6,869.39 per annum
Council Rates: $4,907.78 per annum
