Prime Ground Floor Office Building - Brand new Office / Shop in Smith Street.
INVESTMENT - UNIT 4
Building area: 221 m2 approx.
1 car space
6 + 3 years lease
Rent Review: 2.5% pa
Rental: $98,000 per annum gross
Less outgoings at $11,050 (estimated $50/m2)
$86,950 net per annum (approx.)
The lease specifically talks about the dealing with the tenant's obligation to automatically take up of the option term of 3 years. This mechanism provides for the tenant to commit to the premise for an initial term of six (6) years.
Situated at the Northern end of Smith Street, Collingwood only 2.5km from the Melbourne CBD, this ground floor retail space presents a rare opportunity to get in on the ground floor of the Trilby development.
Call John Camilleri today on 0409 327 120 for further details or an inspection.
