1/128 Rundle Mall is the opportunity of a lifetime for smaller retailers. Presenting the chance for privates to own and occupy a space in the heart of Rundle Mall, CBRE are sure that this is one that will be snapped up off the market.
With Smokemart taking a lease over the 39sqm retail shop, investors can reap the rewards of the new 5-year lease and approximate $78,810 net rent. Occupiers will also be able to use this holding income to run out any existing leases while also getting designs and approvals in place to open their store in this location.
The property is 80sqm but comprises a useable tenancy of 39sqm* with the additional 41sqm being used as access for Hotel Richmond on the upper floors.
The key property highlights include:
- 80sqm* space with 39sqm* tenancy
- New 5-year lease with a net rent of $78,810*
- Strong tenancy profile in Smokemart
- Vendor-biased 6-month break clause within the lease
- Surrounded by market leading retailers
For sale via Expressions of Interest closing on 16th of June at 4:00pm
Please contact the sole marketing agents with any other questions:
Ned Looker: +61 448 689 573
Mitch Curnow: +61 415 494 056