15-17 Hammett Street Currajong QLD 4812

This is a quality well-presented and renovated 2 tenant retail shop, that is fully air conditioned and has ample on street parking at the front along with rear lane access. The area is home to numerous quality businesses that make for a vital shopping precinct. Building was untouched by the February floods of 2019.
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Tenancy 1: -Progress Book World
Progress book world was established in 1983 and has been in continuous operation since then. It is a specialist supplier of educational textbooks, stationery and art materials + Newsagency and Golden Casket. Lease area 245m2
New 3-year lease with a 3-year option will be supplied prior to sale settlement.
Current rent $71,504.40 PA INC GST
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Tenancy 2: - All About First Aid
Lease area 94.8 m2 of office
3-year recent lease in place. Current rent - $17,160.00 PA. Inc GST
Year 2 commencing 01/02/2021 - $20,020.00 Inc GST
Year 3 commencing 01/02/2022 - $22,880.00 Inc GST
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Combined annual lease $88,700.40 PA Inc GST
i.e. $80,636.73 Excluding GST.
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Outgoings Rates for 2019 $ 4,318.00
Insurance $ 4,152.00
Total $ 8,470.00
Total net return $72,166.73