Definately a great property and sound tenant to add to your investment portfolio. High visability and brilliant exposure to Horsham's main Street Just around the corner from the Melb/Adelaide Highway. Excellent tenant, covid proof business [Takeaway], 2 year lease with 2 further terms.
Currently Leased: Wrap 'n' Stack Mexican Takeaway owned by experienced Chef.
Floor Area: 86 sqm
Land Area: 109 sqm
Rent: $880-00 per calendar month plus GST & Outgoings.
Current Lease: Commenced 5 August, 2019
Term: 2 years with 2 further terms of 2 years.
Rent Review: Annual Fixed 5% with a Current Market Review at the end of each term.
Outgoings paid by tenant: Council Rates, Water Rates, GST, Plate Glass Insurance, Public Liability & Building Insurance.
Zoning: Commercial 1 Zone.
The property has a large retail area, modern clean kitchen, plus storage area and access to a back walkway for deliveries. I want to be completely honest about this property, the evaporative airconditioner is extremely old and saw its last summer. This will need to be replaced at the new owners expense prior to summer, so maybe allow for this, otherwise the property is in good order with an excellent tenant operating a covid resilient takeaway business.
This property has been consistantly occupied and has been a great investment for the current owner.
Call today before it's an opportunity missed. Nola: 0418 504 855