181-185 Keen Street,
Lismore, NSW 2480

This property is an outstanding investment proposition as there are long leases in place with substantial tenants with the opportunity to gain further income with some 300m2 of space available at the rear of the building that would be ideal for storage space as there is a rear loading dock. The property enjoys high exposure being next door to a retail shopping centre and is well situated in the Lismore CBD. The owners are keen to secure a sale to move on to a new project.

Tenancy 1
Rent: $60804 pa
Lease term: 5 years + 5 year option. Commenced 1/11/2008
Rent increases: CPI annually

Tenancy 2
Rent: $40477 pa
Lease term: 10 years + 10 year option. Commenced 15/4/2004
Rent increases: CPI annually

Tenancy 3
Rent: $7800 pa
Lease term: Expired lease