Fully leased Dickson salon investment comes with annual rent increases
A winning property investment is often hallmarked by the combination of a quality asset, a secure tenant and a sought-after location.
This option in Dickson’s DKSN precinct ticks all those boxes – the mixed-use development has been a winner since it was completed around four years ago.
On offer is a ground-floor corner location with 115 square metres of internal space, plus a covered, 78-square-metre wraparound outdoor area. There’s also a basement parking bay.
Eden Hair Energy has tenanted the site since DKSN stage one was completed in 2020. It has staked its confidence with a high-quality fitout investment of more than $350,000 and continues to update the premises annually.
A new five-year lease was triggered on July 1, sweetened by fixed 3 per cent annual rental increases. That’s further backed by two five-year lease options. Gross rental income is around $111,000 plus GST a year.
Frank Walmsley of Auction Advantage says the opportunity also delivers a substantial package of financial incentives.
“That includes a GST exemption on the sale [with a tenant in place] and a likely purchase price well beneath the commercial stamp duty threshold,” he says.
