* New Lease 3 + 3 + 3
* CPI & Fixed 3% Rent Increases
* Net Income $73,669 pa ex GST
Shead Property are delighted to be appointed exclusive selling agents for Shop 17, 427-441 Victoria Avenue Chatswood.
The very popular food shop will be offered for sale by way of public auction 6pm Wednesday 31 March 2021, the auction will be held at the office of Shead Property, level 1, 75 Archer Street Chatswood.
A rare opportunity to acquire a retail food shop located within a high traffic Shopping Centre situated in the heart of Chatswood CBD.
The shop is trading as Jin Jin Kitchen with the tenant recently undertaking a brand new fitout.
The property has a new 3 + 3 + 3 year lease commencing October 2020, the lease has built in CPI & fixed 3% annual rental increases throughout the lease including the option terms.
The tenant is responsible for 100% of water usage charges, trade waste charges & grease trap removal charges. The lease is secured by a three (3) month bank guarantee and personal guarantee.
With an anticipated net rental return in excess of 5.0%, this is certainly one opportunity not to be missed!
For all enquiries please feel free to contact Ivor Zhou 0430 248 867 or Bill Geroulis 0413 100 200.