Brand New 15 Year Lease – 3% Annual Increases – 90% Occupancy

28 Keen Street, Lismore NSW

Property Highlights

Brand new 15 year lease term

3% annual rental increases

Net Income: $108,000 pa + GST

Description

Brand new 15 year lease term to 2033 + options to 2043
Minimum 3% annual rental increases
Ratchet provision at market review, 3% increase as minimum
Substantial bank guarantee – 6 months (incl. GST)
Tenant pays all outgoings as per lease, with substantial maintenance and repair provisions included
Building refurbished in 2017/18 – crisp and clean presentation
Experienced operators, centre trading extremely well (90%)
Central location in Lismore CBD – close to schools, large medical precinct and major retailers
Large land Area: 1360 sqm with 8 on-site carparks
Approved for 46 LDC places
Net Income: $108,000 pa + GST
Sale Price: $1,800,000 ONO

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
1,360 SQM
Gross Building Area
0 SQM

Contact Agent

Jamie Dewe

+610 410 350273

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