Property ID: 1P0787
11/74-78 The Corso Manly NSW
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Retail
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Sold
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122 sqm
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122 sqm
RETAIL INVESTMENT
The property offers investors flexibility and a combination of features within one strata lots:
Pominent property in iconic location.
Location with significant growth potential at the centre of one of Sydneys most prominent retail and tourist destinations.
Two tenants on one title - minimum risk.
Currently the property has two tenants on brand new leases occupying 122sqm of prime retail on one title.
Shop known as 11a:
Tenant: Bang-on Pty Ltd
Gross Rental: $71,500 per annum + GST gross
Increases: 3% annually
Market Review: At the take up of the option
Commencement: 8/11/10
Term: 5 years
Options: 5 years
Shop Known as 11b;
Tenant: At Ease Pty Ltd
Gross Rental: $52,000 per annum + GST gross
Increases: 4% annually
Market Review: At the take up of the option
Commencement: 8/11/10
Term:3 years
Options:3 years
Total Income: $123,500 annually + GST
Outgoings: $22,182.23 annually
Net Realisation: $101,317.77 annually excluding GST
For further information or to inspect please don't hesitate to contact;
Tom Speakman
0412 891 330
ts@gunningcommercial.com
Daniel Gunning
0413 051 235
dg@gunningcommercial.com
Pominent property in iconic location.
Location with significant growth potential at the centre of one of Sydneys most prominent retail and tourist destinations.
Two tenants on one title - minimum risk.
Currently the property has two tenants on brand new leases occupying 122sqm of prime retail on one title.
Shop known as 11a:
Tenant: Bang-on Pty Ltd
Gross Rental: $71,500 per annum + GST gross
Increases: 3% annually
Market Review: At the take up of the option
Commencement: 8/11/10
Term: 5 years
Options: 5 years
Shop Known as 11b;
Tenant: At Ease Pty Ltd
Gross Rental: $52,000 per annum + GST gross
Increases: 4% annually
Market Review: At the take up of the option
Commencement: 8/11/10
Term:3 years
Options:3 years
Total Income: $123,500 annually + GST
Outgoings: $22,182.23 annually
Net Realisation: $101,317.77 annually excluding GST
For further information or to inspect please don't hesitate to contact;
Tom Speakman
0412 891 330
ts@gunningcommercial.com
Daniel Gunning
0413 051 235
dg@gunningcommercial.com