This property is being offered to the market via an "Expression of Interest" campaign, Expressions of interest close on Friday the 6th of April at 14:00.
Lot 3, 10 Kennedy Street is a two story "Town House" style commercial building located in the busy Kingston Group Centre. The premises is currently configured with two tenancies, one on the ground floor (53.5sqm) and one of the first floor (46.5sqm). The total NLA for the premises is 100sqm.
Each tenancy has individual air conditioning, great natural light and hold generous car parking allocations ensuring solid appeal from potential tenants in the future.
This offering would suit a savvy investor looking at an affordable entry point into a tightly held market or a part owner occupier who can take advantage of the long term income offered over the ground floor.
Tenancy Profile:
Ground Floor: 53.5sqm
Current Rent: $22,876.36 per annum + GST
Lease Expiry: June 2021
First Floor: 46.5sqm
Current Rent: $18,366.11 per annum + GST
Lease Expiry: Tenant currently on a month to month arrangement
Current FY Outgoings:
Rates $8,116
Body Corporate $6,544
Water charges $640
Total $15,310
Located directly opposite the Kennedy Street retail precinct this property is ideally located with a good amount of street parking available at the front of the property
