3/17 Grosvenor Street,
Neutral Bay, NSW 2089

The Tenant
Beyond Exercise Studio is a private fitness training studio specializing in personal training, tailored exercise programmes, sports conditioning, and exercise physiology. They have been in Neutral Bay for over 10 years.

The Location
Beyond Exercise Studio is located on Neutral Bay's picturesque Grosvenor St.

Residential Conversion Potential (stca)
A large component of the building has already been converted to residential already. We can provide plan of upstairs residential upon request.

The Building
The property is located in a recently refurbished building finished to an elite quality

Lease Details
Total Gross Income $55,220 p.a +GST

Outgoings
Council Rates - $1,088 p.a
Water Rates - $653 p.a
Strata Levies- $5,159.60 p.a
Outgoings Total - $6,900.60 p.a

Net Rental $48,319.40 p.a + GST

Lease Commencement - 15 October 2014
Lease Term - 3 years
Option Period- 3+3 years
Reviews- Greater than 2.5% or CPI increases annually
with a market review at the time of options.

(The above is subject to the new lease being finalised.)

Should you have any questions or wish to inspect please contact Tom Doran on 0407 928 324 or tom@dorancommercial.com.au