Area: 234sqm. Two lots leased as one to an iconic national franchise this is a great opportunity to secure am investment within a modern highly sort after building. With a Net return of 7.3% it won't last long.
Lease details:
Tenant: Visional Personal Training
Lease expiry: June 2021
Reviews: 3% annual reviews
Net Rent: $73,156 + GST & outgoings
Features:
* 2 Car spaces & 1 Storage area per lot
* Fully tenanted building
* Full height glass windows
* Excellent signage opportunities
* Great natural light
* Full reverse cycle ducted air-conditioning
* Friendly neighbourhood atmosphere
* Total Outgoings: $14,517 PA Approx. (100% recoverable from tenant)
* Inspections by appointment
*Sale price is $1,000,000 and is not negotiable as it provides an excellent return with a full five years to run on the lease.
Built with quality architectural features in 2009, this building presents exceptionally well and has the tried and tested mix of residential and commercial that works so well. The shop includes two adjoining lots providing savvy investors broader possibilities in the future. The strata lots are situated on the ground floor of a very popular, fully occupied mixed use development.
Location:
Within minutes from the Warringah Road and Forrest Way intersection and the Forest way shopping centre . This is a great position in the heart of Frenchs Forests leafy neighbourhood with many thriving businesses sharing the complex. This location is highly sort after and will continue to attract quality tenants.
**All quoted areas/measurements are approximations only**
