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G04 + G05, 506 Miller Street Cammeray, NSW 2062

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G04 + G05, 506 Miller Street,
Cammeray, NSW 2062

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RETAIL - UP TO 8.25% NET!

  • 5 + 5 YEAR LEASE
  • 8.25% NET RETURN
  • OFFERS OVER $840,000
Occupied by the major tenant within the building a key opportunity exists to take advantage of a well positioned retail space which benefits from floor to ceiling windows maximising exposure. Discovery Travel Centre have taken a 5 + 5 year lease over the space with the initial term expiring in March 2017.

Investment Credentials Include:

• 169sqm of efficient space + 1 car
• 5 + 5 year lease to established business of 25 years
• 3% Increases
• Director Guarantees
• 3 month bond
• Gross Rent: $80,345.02 + GST
• Outgoings: $11,000 + GST approx
• Net rent: $69,345.02 + GST
• Offers Over $840,000 up to an 8.25% Net Return.

To receive an Information Memorandum or to arrange an inspection through the various opportunities please contact the Exclusive Sales Agents Nick Lowry on 0408 891 376 or Chris Veitch on 0434 566 355.

Property ID: 501284159Last Updated: 4 Jun 2024

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G04 + G05, 506 Miller Street
Cammeray, NSW 2062
Stanton Hillier Parker International - North Sydney
Level 7/ 2 Elizabeth Plaza
NORTH SYDNEY, NSW 2060

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