Fully leased shop, 159m2, with reliable tenants on a one and half year lease to run, then a three-year right of renewal option.
Suit a small first time commercial investor wishing to get a start on the commercial property ladder. With approximately a 6.25% net return this compares better than current residential net returns.
Call Kerry Harford to discuss.
|Approx Floor Area||160 sqm|
|Land Size||160 sqm|
|Property Type||Other (Fish and Chip shop)|
|Approx Floor Area||
|Tenancy 1||Area Sqm: 159, Commencement Date: Tuesday, 24 November 2015, Expiry Date: Saturday, 24 November 2018, Rental net/gross p.a.: 9620.00, Review Dates: 24/11/2018, Rights of Renewal: one of three years, Tenant Name: Ouyang Ji Qirong Ou 021 0644 238, Term (years): 3|