Prominent, well exposed 652sqm corner (Queen/King St) developed with a fully air conditioned single level retail/commercial complex of 572sqm. The building, circa 1980, is divided into two self contained lettable areas.
Tenancy 1 has 445sqm of well appointed retail display area with seperate showroom, bathroom and tea room. It is leased to a national retail tenant (Blockbuster Video) on a new 3 + 3 year lease which commenced 1st June 2007.
Tenancy 2 comprises a commercial office of 127sqm having its own kitchen and bathroom and is accessed off King Street. It is on a new 3 + 3 year lease commencing 1st September 2007.
This prime investment, in a region that continues to enjoy both growth and popularity, has a net income of $127,112 per annum.