Earn 4.6% on a solid 5 year lease with a 3 year option and 3% annual reviews. Lock in your income today. The tenant has invested in over $109,000 in a high quality fitout.
The property is a 72sqm medical practise that represents a great opportunity for a savy investor who wants to capitalize on a growing market in a booming suburb. Take advantage of historically low interest rates and beat the banks with this secure investment.
* Total area 72sqm plus 2 car spaces
* Brand new bathroom amenities installed
* Over $109,000 invested by the tenant in a new fitout
* 5 separate offices
* 1 Reception/waiting area
* Air- Conditioned
* Kitchenette
* Private rear Court Yard
* Onsite complex manager
TENANT DETAILS
* 4.6% Net Return
* New 5 Year lease commenced 17 October 2019
* 3 Year option with 3% increases annually
* Market review at option period
* Gross rent $25,500 + GST
* Approx outgoings $8,904 per annum + GST
LOCATION: In the Seascape complex in Dee Why on Sydney's Northern Beaches, popular amongst tenants from the medical profession. In close proximity to public transport, Restaurants, cafes, Dee Why Grand & less than 2 km from Dee Why Beach.