13 & 14 /443 Albany Highway Victoria Park is a ground level tenancy used for food preparation and set up as a cafe. The premises are part of a commercial office building comprising a total of 32 separate lots/ tenancies.
The current tenant who is only one year into a five year lease term is paying $1,400 gross pcm, a Market Rent Review will apply 1st June 08 and each anniversary thereafter also has annual review to market. So there is an opportunity to increase the income considerably over the coming years.
Located near the corner of McMillan, Duncan and Albany Hwy in Victoria Park’s sought after retail strip.
443
Albany Hwy is surrounded by a variety of Real Estate, Mortgage Co’s, Post Office, Banks, car yards and notably adjacent to the Centro Victoria Park Shopping Centre.
Price: Was $280,000 it is now reduced to $220,000
Based on 2006/07 Budget
Council Rates $1,395.80
Water Rates $1,308.35
Strata Levies $6,300.00
For further information please contact Martin Vogt on 0400 622 822