Located in the heart of the popular and highly sought after restaurant area of the Menai Metro, the current tenants are a well established and renowned restaurant group in the Sutherland Shire.
The tenants are currently on a 5 x 5 year lease (with CPI increases every year)
Total size is 221 sqm which includes:
- 151 sqm of internal space with bathroom facilities
- 39 sqm of fully covered courtyard for outdoor dining
- 12 sqm of lockable storage space
- 19 sqm parking space
Current rent per year is $94,607.01 ex GST. The outgoings are:
- Strata $5100 qtr
- Council $326.75 qtr
- Water $430 qtr (paid by the tenant)
- Garbage $652.5 qtr (paid by the tenant)
Giving a net rental of $72,950.01.
This is an fantastic opportunity to secure an outstanding commercial investment with a net 8.5% return (based on the asking price). What more can you ask for with a top notch location, a stable tenant and more than double the return on investment than putting your money in the bank.
Ideal for your Self Managed Super Fund.