Land Size: 382sqm approx.
Location: Ground floor and Upstairs
Ground Floor Lease Expires: 31 July 2013
Options: 2 x 5 Year Terms
1st August 2013 to 31st July 2018
1st August 2018 to 31st July 2023

Current Usage: Restaurant / Pizzeria

Current annual rent: 01/08/2011 $191,007pa (incl. GST)

Rental reviews: Annually on 1st August
Amount 5 Percent increase per anum

Outgoings: Tenant to pay 100% of outgoings of the proportion of the land and building they occupy

Local council rates – $9,641.93 pa
Water rates – $1,813.00 pq
Land tax – $11,716.32 pa

First Floor: Vacant (previous used as 4 bedroom residence)
Rent potential: Estimated $31,200 – $41,600 pa approximately, depending on usage.

Contact: Michael Tringali at McGrath Estate Agents or George Sorras at Raine and Horne Concord

Michael Tringali:
P: 9568 0856
M: 0408 000 100
F: 9568 0800
E: michaeltringali@mcgrath.com.au
W: mcgrath.com.au

George Sorras:
P: 9763 3877
M: 0402 160 733
F: 9743 6809
E: george@rhconcord.com.au
W: rhconcord.com.au