IT'S OFFICIALLY SOLD

112A New Canterbury Road, Petersham

The Feel : Situated in the heart of one of the Inner Wests vibrant, thriving retail centres is this low entry point (bullet proof) investment. Brand new 3 year lease with 3 year option to a reputable medical tenant (SUPER REHAB PHYSIOTHERAPY) in a new development with long term tenure. Significant fixed annual increases with great security. This fantastic investment would considerably out perform any comparable small residential investment for less than the price of a one bedroom apartment in the Inner West. Great long term up-side, this retail shop front gives the first time investor an opportunity to establish a foot hold in the thriving Inner city commercial market. Please see below and attached the information memorandum with tenancy information and rental schedule. TENANCY DETAILS & RENT SCHEDULE Commercial Lease to Super rehab Physiotherapy clinic on a brand new lease the property has the following key attributes. Tenure: Leased to Super Rehab Physiotherapy Clinic PTY LTD TERM: Brand new 3 X 3 Year lease 9/8/2019 and expires 8/8/2022 Option: 3 years from 2022 expires 8th August 2026 Rental: $33,800 Per annum + GST Annual increases: @ 3% Annually Security: 3 months bank Guarantee to 8th August 2026 Current yield: Over 5% nett Outgoings Water Rates: $782.12 PA Council Rates: $528.66 PA Strata Levies: $2281.80 PA TOTAL: $3,592.58

Property Information

Property Type Retail
Building Size 78 m²

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