Outstanding opportunity to secure this 9% net return freehold premise offering a secure well established tenancy who has been occupying the premises for the past 7 years and only just commenced another 5 year lease term.
The tenant is Neta Home & Commercial Pty Ltd who have been supplying and installing Domestic and Commercial indoor and outdoor blinds, awnings, security doors and shutters, privacy screens, fencing and gates to the Bundaberg, Hervey Bay and Gladstone Regions for over 40 years.
The premise is located in a small complex called Westway Centre consisting of 7 freehold tenancies in the Kensington Parkside Commercial Estate. The premises are surrounded by major national tenancies including Bunnings, Amart Sports and Furniture, Rays Outdoors, Pet Barn, Forty Winks, Furniture Court, Chipmunks and Harvey Norman to name just a few.
Centered on the growing activity spine of the development, traffic volumes have been growing exponentially past these premises and will continue to grow as Johanna Boulevard is connected to the southern bypass road and Commercial Street increasingly fulfills its role as the major gateway to the Airport.
For more information on this outstanding opportunity call Scott or Aaron today.
Current Tenancy: Neta Home & Commercial Pty Ltd
Area of Tenancy: 748 m2 (ground floor 448m2 + Mezzanine 300m2)
Allocated Car Spaces: 12
Lease Term: 5 Years + 5 Year Option
Tenancy Commencement: 01/05/2016
Lease End Date: 30/04/2021
Tenancy Commencement in Building : 2009
Base Rent: $103,824 + GST per annum + CPI
Tenant pays all out goings excluding Land Taxes
Body Corporate Levies: $85.69 per week approx.
Rates: $3110.00 per year approx.
Year Built: 2009
The information provided is for use as an estimate only and potential purchasers should make their own enquires to satisfy themselves of any matters.
