The Ngarru Aboriginal Art Gallery has been trading in this location since the building was constructed in about 2001. You would be proud to own this quality property in your portfolio. And the current lease has over 3.5 years left to run with a further 5 year option. It is important to note that this investment in commercial property has very little FIRB approval necessary for offshore investors. It is a safe investment in a safe country to invest with confidence and a long term view.
One would imagine there would be considerable depreciation available for the purchaser and with the lease in place it probably is a GST free transfer as a going concern.
The property is for sale for the first time since the building was constructed and is recommended to any investor who only buys quality and buildings with appeal and location, location, location.
If you are seriously in the market around this price level, call the Exclusive Agent Tony McGrath on +61 418 77 22 77 or email tony@tonymcgrath.com.au to get the confidential information.
Property Code: 2
