Just commenced the second year of the first term of a new 4x2x2 lease. Commencement date was 1st January 2008.
Current rent
is $17,292 pa + GST. CPI increases on each anniversary. Building is approx 204 sqm.
The tenant is responsible for all outgoing including rates, insurances and water.
The National Australia Bank have just completed a major upgrade of the branch including new A/C and ATM.

* Annual Rent is $17,292 plus GST.