8-10 Sunset Avenue, Barrack Heights, over 2 lots with a total area land area of approx. 2,546m and a building area of approx. 1,100m being offered to the market for the first time for sale via expressions of interest.
Purposely built and designed, the property has been fully lease for the last 20 years to a bowling operator. With an initial lease till 31 October 2019 and a further 3 x 3 year option terms, presents an investor with good opportunity to land bank the property in what is a tightly held market.
Internally, the premises has been recently refurbished by the lessee
Passing Income of $ 123,128P.A. (inclusive of GST) Lessee responsible for 100% water rates, water usage and grease arrestor costs. Annual Increase of CPI Fully secured lease. Estimated current outgoings $13,247.00
No open times scheduled. Contact Agent to arrange a viewing.