6 Year Lease to Premium Homeware Retailer
Adjacent to Large Expanding Bunnings
Secure 6 year lease to 2019 6 year option to 2025 Major East Coast premium retailer with 48 company owned stores Dominant homeware centre in growth area anchored by large and expanding Bunnings Substantial depreciation benefits Area of approximately 1,000sqm + exclusive use seating area Tenant pays all outgoings, as per lease 2.75% annual rent increases Easily managed single tenant investment in growth area Net Income: $117,500 pa + GST. Price guide $1,425,000 â?? expected yield circa 8.25%.
Auction 2pm Tues 19 May, 50 Margaret St Sydney
Michael Gilbert 0430 024 790 Rhys Parker 0451 101 042
