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This property has been in the same family for over 50 years now it is your chance to enjoy the fruits that this wonderful commercial property has to offer. The property offers three street frontages to Whitelock St, Cressy Street, and the more importantly Hardinge Street, see more than 13,500 (approx) vehicles pass by the front of the property each day, when they talk about location in real estate you cant get any better than this property. Currently leased until Jan 2011 with a further 5 year option to follow. The property consist of a Steel framed structure, with brick, concrete and colourbond wall, concrete floor. The building is dived into a shop front, workshop area, and external fenced showroom. For further information on the property call today.
FREEHOLD ONLY
Area: 920.6m2 (approx)
Zoning: 2(Urban) Zone and Commercial Precinct
Rates: $4,200pa
Land: Corner block with three street frontages - Whitelock, Hardinge, Cressy Streets
Building:
Concrete flooring.
Glass shop front windows, roller doors x3
Galvanized roofing with laser light panels to allow lighting.
Concrete Footpaths and nature strip.
Steel frames structure with brick pillars, concrete (pebble mix render) wall(Whitelock street), brick and Colourbond walls (George and Hardinge Streets)
Lease: 5years
Commencement date: 1st Jan 2007
Termination date: 31st December 2011
Options: Further 5 year option
Initial rent: $1,408.51 per Calendar Month
Rent increase: Annually of 3% (1st Jan)
Current rent: $1595.83 per Calendar Month.
NOTE: Lease is not registered on title, due to the title being an old title as it commencement of lease. Title has since been changed to the new title system.
