Description
Rare opportunity to acquire this secure retail investment featuring ground floor retail space currently used as a real estate agency plus a first floor 2 bedroom residence/commercial with excellent natural light. This building has the commanding position on the pedestrian crossing opposite the newly construction Lindfield Train Station. The property backs onto the Council Car Park and restaurants. The current tenant has been in occupation for the past 6 years and has recently signed a new 5 + 5 year lease with all the securities in place. Enquire now for further information. BUILDING AREA: 150sqm LEASE DETAILS: Term: 5 years Start Date: 1 August 2008 with 5% annual increases Termination Date: 31 July 2013 OPTION DETAILS: Term: 5 years to market Start Date: 1 August 2013 Termination Date: 31 July 2018 RATES: Council Rates: $1,720.00 per annum Water Rates: $762 per annum NET INCOME: $94,343.30 per annum Tenant pays 100% outgoings AUCTION DETAILS: (UNLESS SOLD PRIOR) 6:00pm on 23 September 2009 at 245 Pacific Highway, North Sydney INSPECTION: Strictly by appointment CONTACT DETAILS: Frank M Bird | 0417 427 310 | frank@phfn.com.au
Was for Auction
- Publish Date: 30-09-2009 08:34:21
- Contact name: Frank Bird J.P & L.R.E.A
- 47 times displayed
- Website: www.peterhillfn.com.au
- Location: Australia
- Business: Peter Hill First National
- Status: sold
- Price: $1500000
