The lease features a fixed 4% annual increase in rent on each anniversary of the lease commencement, offering built-in rental growth. The current annual rent is approximately $27,000 plus GST, ensuring a solid net return.
This approx. 127sqm building, situated on approx. 486sqm land is strategically positioned in a vibrant and high-traffic, waterfront esplanade precinct, the property benefits from strong visibility and foot traffic, making it ideal for a range of retail, or professional service tenants. Its popular location enhances its appeal and ongoing tenant retention.
Whether you're looking to expand your commercial portfolio or secure a dependable income stream, this property ticks all the boxes. Don't miss your chance to acquire a well-leased asset in one of the area's most desirable settings. Call our office on 03 5155 1201 to arrange an inspection.