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Shops 1 & 2, 81 The Parade, Ocean Grove

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81 The Parade, , ()
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Prime Retail Opportunity

Positioned directly fronting the main Ocean Grove car park, in a highly identifiable position, these ground floor retail properties are securely tenanted and would make a welcome addition to anyone’s property portfolio and/or superfund.

 

Shop 1, area: 97m2

Rent – $52,000 p.a plus GST and inclusive of outgoings.

Lease term – 5 years with two 3 year options. Rental increase of 2.5% p.a for the initial lease term.

Shop 2, area: 102m2

Rent – $48,960 p.a plus GST and outgoings.

Lease term – 5 years with two 5 year options. Rental increase of 4% p.a for the initial lease term

 

An absolute blue chip investment. For more information in respect to the existing leases and price expectation contact James Wilson today.

Address: 81 The Parade
Suburb:
State:
Postcode: 3226
Country: Australia
Property Id : 11640
Property Type: Commercial
walkscore87 / Very Walkable more details here

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