PRICE REDUCED BY $36,000.00 FOR A QUICK SALE! PRESENT YOUR OFFER!
Buy a slice of this popular new development in the heart of Panmure. Located along Jellicoe Road on a high exposure site, this development provides a great tenanted investment. The first lease renewal falls on 1 September 2030, ideal for the astute investor.
Unit 3, is one of the largest units in the development. Purpose-built to house a restaurant, this unit boasts 100m² broken into 79m² floor and 27m² patio of floor area for al fresco dining.
The tenant is a popular Mediterranean restaurant that has signed a 10-year lease commencing 1 September 2020, with two rights of renewal of five years each - making this commercial unit, a sound investment. The lease is currently returning $47,959.00 plus GST and OPEX, with rental reviews two yearly. The asking price for the unit is $959,000 plus GST (if any).
Our client is extremely motivated to sell this fantastic tenanted investment - call Brian Paulin, sole agent for more information.
KEY FEATURES: • Tenanted investment • Popular Mediterranean restaurant • High volume traffic exposure • 10-year lease - the lease commenced 1 September 2020 and the first renewal is 1 September 2030 • $47,959.00 + GST + OPEX return • Price reduced by $36,000.00 for a quick sale • 5% return • $959,000.00 + GST (if any) • Motivated vendor • Present your offer • Call Brian, the sole agent, today to secure