Neutral Bay NSW

242 Military Road

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sold

By Auction

30 October 2014

$780,000

property info

Land - 55.00 m2

Building - 104.00 m2

Freehold Retail Investment - 3 + 3 + 3 year lease

ABOUT THE TENANT
Bangkok Betty was well established in Mosman prior to moving to a larger site in Neutral Bay earlier this year. Located in Neutral Bay's strong bar/dining strip, the property features a stunning and chic fit out consistent with elite quality operators.

LEASE DETAILS
Tenant: Bangkok Betty
Site Area: 104 m²
Commencement Date: 8 February 2014
Lease Term: 3 Years
Options: 3 Years + 3 Years
Rental Reviews: Annual CPI increases, market at option, if exercised
Current Gross Rent p/a: $48,231.10 p/a gross + GST

Statutory Outgoings:
Council Rates: $ 3,368.24 p/a
Water Rates: $ 706.44 p/a
Land Tax: $ 1,428.00 p/a (approx)

Estimate Total
Net Income $42,728.42 (approx)


Get in contact with one of our agents if you would to book an inspection or simply have a chat about this wonderful space.


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