Casuarina Rec Club - renewed 10 year lease to Sept 2024.
Osteria Restaurant - 12 year lease to Sept 2022.
Proven long term operators in high growth location.
Strategically positioned within master planned community and near major land releases.
Ultra modern complex with valuable depreciation.
Net lettable area 3,912 sqm.
Land area 9,910 sqm with 66 parking spaces.
Annual rent reviews, fixed of 3.5% and CPI.
Tenants pay most outgoings, as per leases.
Net Income: $299,225 pa + GST.
Auction 2pm AEDT Tues 9 Dec, 50 Margaret St Sydney
Michael Collins 0404 023 204
Michael Gilbert 0430 024 790