Premium Retail Investment with National Tenant – Net Yield 5.75%
* Total internal area: 234m2
* Long standing secure tenant on a 5+5 year lease
* DA approved gym operation
* Two separate lots combined for this tenancy – offering great future flexibility
* Modern security building in tranquil setting
* Excellent street/signage exposure with full height glass windows
* Ducted A/C throughout
* Currently fitted out as a gym operation with reception, open floor space, 3 separate offices and a breakout room
* 2 bathrooms with showers included
* 4 car spaces on title
* 2 additional separate storage rooms on title
* Common disabled bathroom facilities
* 29 visitor under cover car park with internal lift and additional street parking out the front and surrounding streets
* Disabled access from the street or lift from visitors car park
* Zoning - B1 Neighbourhood Centre
* Outgoings - $17,848 per annum approx.
Lease Details;
* Tenant – Vision Personal Training Studio (Gym)
* 5 + 5
* Expiry – April 2025
* Reviews – 2.5% annually
* Security – $20,853.30
* Net Rent – $88,253 + GST
* Outgoings – 100% payable by the tenant
Neatly positioned on the ground floor fronting directly onto Sorlie Road, with its leafy surrounds and community feel, this shop is perfectly situated close to all local amenities. Moments away from schools, Lionel Watts reserve and Frenchs Forest showground, Glenrose Shopping Village, bus stops and main roads, the property is very well placed in terms of connectivity, convenience and accessibility.
Call Vincent West on 0403 444 000 or Oliver Rosati 0428 877 888 today for your inspection.
**All rentals are per annum and quoted areas/measurements are approximations only**
Remember to mention you found this property on CommercialReady
