An extremely rare opportunity to secure an a leased investment property on the beach front within Rockingham commercial precinct with balance of 3 years (approx.) on lease, with option.

Property Features:

Total Strata Area: 110sqm
Building: 96sqm
Mezzanine: 50sqm (approx) - Council Approved
Car bay: 14sqm

- Approx lettable area: 146sqm
- Prime location within Rockingham CBD.
- Only metres from Rockingham beach
- Approx. 3 years remain on Lease plus 5yr option
- High quality fit out for hair salon
- Net Investment returns 7.4% (approx.)
- Built 1998 (approx)

For Sale: $925,000 (Sold going concern for GST purposes)

Lease Details -

Area:
146sqm (approx) plus Car bay

Tenant:
Edminson Management Pty Ltd
Trading as: Head Studio Rockingham Salon

Lease Term:
5 years commencing 1st Oct 2011

Expires:
30th September 2016

Option:
5 years commencing 1st October 2016

Guarantees:
Bank Guarantee: $21,000 & Personal Guarantee

Net Rental: (As at 1st Sept .2013 – CPI Increase due 1st Oct)
$69,122.88 p.a. plus GST

Outgoings:
Payable by the Lessee,
property management fees are non recoverable from tenant under retail legislation.

Rent Reviews:
Annually CPI fixed increase (1st Oct)
(Market review at option)

For Sale: $925,000 (Sold going concern for GST purposes)

For further information on this property or to arrange a viewing, contact the selling agents.