Shops 4 & 5/375 Hay Street, SUBIACO WA 6008
$950,000 (no GST)
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- 16 Dec 2016
SUBIACO - RETAIL INVESTMENT
CBRE is pleased to present for sale these 2 adjacent retail shops as a combined investment in the heart of Subiaco.
The 'Subiaco Mews' retail complex situated at 375 Hay Street is renowned as a hub for restaurants and food outlets.
The title reveals a combined area of 148sqm* plus 2 car parking bays at basement level.
Shop 4 comprises 71sqm* plus 1 car bay and Shop 5 comprises 77sqm* plus 1 car bay.
The Subiaco Mews complex provides generous customer parking and amenities.
LEASE TERM: 8 years until 30/04/2019
LEASE OPTION: 3 years until 30/04/2021
BASE RENT: $50,0000 plus GST*
REVIEWS: Annual increases by 4% with market review at option
OUTGOINGS: Payable by tenant (refer to Lease)
BANK GAURANTEE: $35,000
PROFIT RENT: $5,000-$10,000pa*
For Sale $950,000 (no GST)
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
Shops 4 & 5/375 Hay Street SUBIACO