Shop 1/ 412 Beechboro Road North
MORLEY

SUPERB RETAIL INVESTMENT, LIQUORLAND AS TENANT

PROPERTY HIGHLIGHTS

- Strata area of 259 m2* located on the exterior perimeter of the shopping centre.

- Part of a thriving retail complex comprising 17 strata lots with a Coles supermarket as the anchor Tenant.

- Located adjacent Carramar Retirement Village and surrounded by R40 and R25 residential areas providing clientele/consumers for shopping complex's Tenants.

- Passing income $130,946.71 pa plus GST plus outgoings (as per lease) plus GST (Landlord pays property management fee which is unaccounted for in passing income).

- Lease in place to Liquorland (Australia) Pty Ltd. Head Lease commenced on the 16th December 1999 with current term expiring on the 15th December 2024 with two further 5 year options expiring on the 15th December 2029 and 15th December 2034.

- Next rental review due on the 16th December 2023 to an increase of CPI.

- Tenant has occupied the property for near to 24 years.

- Complex comprises specialty businesses servicing the surrounding neighbourhood community which includes a newsagent, pharmacy, dental practitioner, hairdresser plus various food related retail outlets.

- Tenancy benefits from multiple access points including exterior of property from car park and inside the mall.

- Beneficial roller door access for stock handling.

- Zoned Business under the City of Bayswater District Town Planning Scheme No24.

This property will suit the investor looking to add a quality asset with desirable lease covenant to their property portfolio.

For further information, please contact the exclusive listing agent via the details below.

* Approximate Area Only.