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.