41 ELIZABETH BAY ROAD, ELIZABETH BAY

Size: 232m²

For Sale : Contact Agent

Well leased retail with potential rental uplift

Gunning RE is excited to present to the market, this well leased retail investment in the heart of Elizabeth Bay.

The property is currently leased to "Kujin Restaurant", who are a prominent inner-city, Japaneses restaurant operator.

Investment highlights as follows;

- Leased until March, 2020 with options until 2025
- Strong 4% annual increases and review to market at the option.
- Gross annual rental of $97,345.50 + GST per annum
- Bank Guarantee of $14,686.86

This outstanding retail investment offers the opportunity for a strong rent increase to market at the take up of the option.

For further information or to arrange a time to inspect, please feel free to contact the agents.

Inspection Times

Open by Appointment

PROPERTY OVERVIEW

Property ID:
1P4779
Property Type:
Retail
Land Size:
232m² approx.
Building Size:
232 m²

FEATURES

Air Conditioning
Close to Transport
Close to Shops
Lift Installed
3 Phase Power
Exhaust
Existing Fitout
Grease Trap
Toilet Facilities

OUTGOINGS

Water Rates:
$177 Quarterly
Council Rates:
$927 Quarterly
Strata Levies:
$4676 Quarterly