Secure bulky goods investment. 5 year lease from October 2002 plus 2 x 5 year options. Progressive national tenant with some 145 stores recording annual turnover of $203 million in last finnacial year. Subject store within top 10% of all their automotive stores.
Rappidly appreciating Bulky Goods/Fast Food precinct occupied by Burger king, McDonalds, Black Stump, Kennards Hire, Carpet Court etc. Modern freehold showroom plus parking. Annual 3% increases.
NET INCOME $128,280 p.a. (approx)
AUCTION:
TUESDAY 10:30 AM 26TH AUGUST 2003
SYDNEY PROPERTY AUCTION CENTRE
17 O'CONNELL ST, SYDNEY NSW