JLL are pleased to present to the market this brand new retail unit with a 10 year lease in place to an experienced food operator. The brand new retail development by Northbridge Properties has recently been completed at 71 Jellicoe Road and is being secured by some fantastic tenants already.
On offer is Unit 3 which boasts a total area of 106m² split between 79m² of internal floor area and 27m² of outdoor area (deemed AU under the title). The layout works perfectly for the restaurant with the use of the outdoor area as a patio for al fresco dining. Tenanted by a popular Mediterranean restaurant on a 10 year lease term, the unit returns $47,959 plus GST plus OPEX per annum with two yearly rent reviews and a guarantee.
With the landlord motivated to sell the unit, this provides a fantastic opportunity for a passive investor seeking a bottom drawer investment with a strong return.
KEY FEATURES:
- Brand new retail development
- 10-year lease to a popular Mediterranean restaurant
- High profile, high exposure location
- Returning $47,959 plus GST
- Contact us today for further information on this opportunity
For sale by Deadline Private Treaty, closing 11am Wednesday 23rd June 2021 (unless sold prior). Contact your exclusive listing agents below for further details
