- Great established tenant
- Food processing fit out included
- Price supported by valuation
The Tenant is a 100% WA owned and operated family business established since 1994 and well recognized in their market within the food industry.
The property is fully insulated for use as a commercial bakery and sale price includes cool rooms and freezers.
The new lease commenced on 1st May 2008 for a period of 3 years plus a 3 year option, CPI reviews annually with a market review at option quoted at $66,480 per annum within a recent valuation, the Tenant currently enjoys a discount to this value in the order of $54,000 per annum plus variable outgoings plus GST.
The office / showroom of 136sqm to the front of the building is fully carpeted together with a split air-conditioning system.
The property is being sold as a going concern with the vendors willing to offer a long settlement period if required.
Ultimately actions speak louder than words and I would encourage your immediate contact to discuss the property further with you.
Contact Maurice Oteri on 0409 885 577 or 08 9361 6766
Winners of the REIWA Commercial Agency for Excellence Award 2006 & 2007