WAREHOUSE 1, Retail 2, 1 Danks Street,
Waterloo, NSW 2017

Prime strata retail property in the heart of DANKS ST Village. The tenant "Wah Wah" is a well Established Licensed Cafe Operator who recently commenced a new 5 year lease (with a further option term remaining of 5 years). Having already operated at the property for the past 5 years Wah Wah is considered the "meeting place" for many locals and visitors alike.

With COLES New World soon to open some 300 metres east along Danks Street and ALDI having recently lodged a Development Application to establish a new store close by, this precinct continues to go from strength to strength. This is an excellent and rare opportunity to own a slice of the tightly held Danks Street property market which is continuing to see more demand from retailers, office users and apartment dwellers alike.

We highly recommend this property to add to your portfolio and enjoy capital growth and steady rental return.

- Rental: $69,000 pa net (+GST)
- Rent Reviews: 4% annually market at option
- Lease Term: 5 years + 5 years
- Lease Commenced: 30th June 2009
- Tenant Pays All Outgoings including Management Fees
- Lettable Area: 95m2 + 16m2 outdoor terrace
- 1 car space on title
- Depreciation Benefits Apply

Enquiries contact: AGY DASSAKIS 0418-449-606