Strong Lease - Proven Tenant - 3% Reviews - 5x5 Lease
Fantastic opportunity for astute investors to secure themselves a stable investment with a strong performing tenant in place. Four Brothers Expresso, who have 3 other locations on the Northern Beaches, Seaforth, Mosman, and Warringah Mall. All serving Coffee, Breakfast and Lunch 7 days a week.
The property features floor to ceiling glass windows fronting Condamine Street and is exposed to thousands of cars passing daily. Offering 3% fixed increases with a 5x5 year lease in place, take advantage of these strong terms on offer and jump on this excellent opportunity today.
* Proven Tenant Four Brothers Expresso
* Internal area of 55sqm
* Floor to ceiling glass frontage
* False dropped ceiling
* Main road exposure
* 2 car spaces
* Luxurious large tiled floor
* Disabled amenities
* Food preparation area
* New Air- Conditioning going in
* Rear access from car park
* Exposed to over 6 lanes of traffic
* Exceptional signage ability
* Outgoings: $4,470 (per annum approx.)
TENANCY DETAILS:
Lease Commencement: 16/03/2018
Lease Expiry: 15/03/2023
Lease Term: 5 + 5 Years
Gross Rental: $31,689 + GST
Net Income: $27,219 + GST
Net Return: 5.23% + GST
Rent Review: 3% fixed annual increases
Located in the gateway suburb to the Northern Beaches and amongst a variety of prominent retail chains including KFC, Dan Murphy's, Freedom Furniture, Harvey Norman, Coles, Woolworths and more. Well positioned to service surrounding residents and serving as an attractive location for future tenants.
Call Paul Cunningham on 0413 161 661 or Liam Washburn 0408 033 330 for your inspection today
**All prices are per annum and quoted areas/measurements are approximations only**
