Shop 1, Lot 17 & 18, 287 Military Road Cremorne NSW 2090

LEASE TERMS:
Rental: $248,244 p.a. net
Commencing: 30 September 2002
Terminating: 29 September 2012
Years: 10 years
Option: 10 years
Next Review: CPI - 30 September 2004
Next Market Review:30 September 2012

Tightly held for over 40 years, this is the first time the general public has been given the opportunity to enjoy the solid returns and on-site management that that the supermarket offers. The supermarket represents a fantastic investment opportunity with its net rental at $248,244 p.a. it allows for fantastic tax benefits through the first term of the lease and then big increases in income from the next market review. The supermarket is also currently well under rented for today’s market and really is first class investment.