Units 5&6, 1336-1340 Albany Highway,
Cannington, WA 6107

The property comprises two amalgamated units to provide an excellent showroom/office facility of some 308 m2. The building comprises a concrete floor, rendered brick elevations and zinculume roof. Internally there are carpeted floors, suspended ceilings, recessed fluorescent lighting and ducted reverse cycle air conditioning

The property is currently leased to the ANZ Bank on the following terms.


• Property Units 5 & 6, 1336 Albany Highway Cannington WA


• Lessee Australia and New Zealand Banking Group Limited.


• Commencement Date 29 April 2008.


• Lease Term Ten (10) years.


• Option Two further options of five (5) years.


• Current Rental $147,840 per annum + GST.


• Outgoings Payable by the Lessee (excludes Property Management and
Promotion Levy).


• Rent Reviews Annuallyto CPI + 1%.
Market review at the end of Year 5.
Market review at the commencement of each further term and the new rent will not be less t than that in the previous 12 months or CPI +1%, whichever is the greater.
(Next review to CPI + 1% due in April 2010)


• Guarantees Nil