Lucky catch investment
2/96, Rosedale Road, Albany, North Shore City
- Proposed Usage
- Floor Area
- 90.00 m²
- Auction Date
- 11:00 - Nov 15, 2018
- Property ID
- Tenanted retail investment with established tenant and rental bond
- Located at the entrance of a low vacancy retail centre
- Ample parking and multiple access points to the site
- Mature commercial precinct under massive expansion
First time on the market since the establishment of the Rosedale Retail Centre, this prime retail unit is looking for a new owner. Comprising a retail area of approximately 90sqm, this property is well located at one of the three entrances of Rosedale Retail Centre. While offering aesthetically pleasing exposure, the perforated window decals also ensure good privacy and plenty of natural light inside the property.
Established tenant has renewed the lease to May 2022 with a right of renewal of a further three (3) years. The rent has been increased from $45,000pa plus GST and outgoings to $47,000pa plus GST and outgoings, commencing on 2nd January 2019. The tenant has also provided a rental bond in addition to personal guarantee.
Rosedale Retail Centre is one of the new major retail developments on the North Shore. Tenants in this vibrant centre include a 1,800sqm supermarket approximately, together with a comprehensive range of restaurants, retail and service providers. There are over 250 car parks in this low-vacancy centre. The third stage of centre is currently under construction, due for completion late 2019.