High profile shop in the bustling Gladstone Park shopping centre has recently come onto the market.
The established tenant has operated a successful Hair and Beauty salon for some time with the tenant recently signed a 6 (six) year lease (2022) with a further option of two, six-year terms available.
Currently, the annual return is $24,077.30 with 3% increases scheduled on review each year in July. The tenant is responsible for payment or reimbursement of all shop outgoings including adequate insurance cover as specified in the lease agreement. An ideal investment for your property portfolio or Super Fund as Gladstone Park is a popular shopping destination with a variety of retail outlets, fast food vendors and other shops catering for the many needs of local families ensuring a high daily level of daily foot traffic
Main Features:
Good tenant on 6 year lease with the option of 2 further 6 year terms
Current return $24,077.30pa with 3% annual review increases
Tenant responsible for all outgoings as per lease
Shop Floor area approximately 79m2
Four Anchor shops:
Woolworths Aldi
Commonwealth Bank Big Fields Fresh Market