RARE CBD INVESTMENT - $775000

Description

This approximately 374 square meter Strata title investment opportunity is a rare find. The property is situated on the ground floor providing easy access to passing pedestrians. The location is prime CBD on the corner of Gregory Terrace and Bath Street this is the centre of town. Opposite the K-Mart on Bath St and Yeperenye Shopping Centre on Gregory Terrace. The property is also a short walk to other key CBD areas such as Coles and The Mall. The location dosen't get any better in this town. Prime locations like this don't make it to market very often. The property is currently leased to Fashion 4 U. The current rent is $86,710 per annum plus GST. The lease has fixed annual increases rising to $90,480 plus GST in December this year. The lease expires on 31/12/2011. Providing the owner with the opportunity to move into the property or negotiate a lease extension. The property is being sold as a going concern with the lease in place. This is an ideal opportunity for an investor or a consortium to invest in the AIice Springs CBD. Call today to inspect, for a copy of the lease or to discuss this fantastic opportunity.