Renewed 4 year lease to Oct. 2020 + option to 2022.
Modern technology based business park close to new Northern Beaches Hospital.
Fuji Xerox – Asia Pacific giant with $11 billion revenue and growing.
Strong 4% annual rent increases ($294,236 in 2020).
Tenant in occupation over 10 years – main NSW office.
1,057 sqm net lettable area (low rent of $247/sqm).
10 valuable parking spaces.
Tenant pays most outgoings, as per lease.
Net Income: $261,575 pa + GST.