11/74-78 The Corso,
Manly, NSW 2095

The property offers investors flexibility and a combination of features within one strata lots:

Pominent property in iconic location.
Location with significant growth potential at the centre of one of Sydneys most prominent retail and tourist destinations.
Two tenants on one title - minimum risk.

Currently the property has two tenants on brand new leases occupying 122sqm of prime retail on one title.

Shop known as 11a:

Tenant: Bang-on Pty Ltd
Gross Rental: $71,500 per annum + GST gross
Increases: 3% annually
Market Review: At the take up of the option
Commencement: 8/11/10
Term: 5 years
Options: 5 years

Shop Known as 11b;

Tenant: At Ease Pty Ltd
Gross Rental: $52,000 per annum + GST gross
Increases: 4% annually
Market Review: At the take up of the option
Commencement: 8/11/10
Term:3 years
Options:3 years

Total Income: $123,500 annually + GST
Outgoings: $22,182.23 annually

Net Realisation: $101,317.77 annually excluding GST

For further information or to inspect please don't hesitate to contact;

Tom Speakman
0412 891 330
ts@gunningcommercial.com

Daniel Gunning
0413 051 2...
dg@gunningcommercial.com