This multi-tenanted approx 3,529m2 leasehold site has eight tenants all with development clauses in their leases, earning a total of $142,278 per annum + GST nett.
Asking 9.5% cap + GST (if any).
Currently zoned Large Scale Retail, changing to Commercial & Mixed Use CBD Edge Commercial in the 2GP.
Excellent location for a new retail development or other high-profile site.
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Right from the start I was impressed with Terry and Roy's professionalism, their ability to tap into an extensive network of property owners and prospective joint tenants, and above all their willingness to go the extra mile to make things happen.