Other... for sale
580 Glenhuntly Road,
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Securely Tenanted High Exposure Retail PropertySituated in the hub of Elsternwicks' prime retail area this outstanding 2 level property comprises of restaurant downstairs, 2 bedroom apartment upstairs with its own entrance and garage accessible from the laneway.
Leased to a well established Japanese Restaurant under the following terms:
* Current rent of - $44,133 p.a plus outgoings
* Lease expires - January 2013
* Annual reviews - 3% p.a
* Options - One further term of 5 years
* Land area - 267 sq.m (aprox)
* Zoned - Business 1 Zone (B1Z)
Offers the astute buyer a secure and appreciating investment opportunity. Melway Ref 67J4.
Last updated: 03:35PM on Jun 1st 2012