Commercial Investment Approximately 11% return.
$696,000 Rarely do we get a Commercial Investment in the prime CBA area of Esk Street where there is always a good demand for space to Lease by Tenants. This investment has 2 main Tenants on the ground floor.
Goodalls (shoe shop) Rent $50,000pa+GST+ (61% of building outgoings) they have been in the property for approx. 60 years (2nd generation) size approx 453m2 including storage. Lease to 1st October 2013. Prime retail 107m2, under mezzanine shoe rack 24m2, original office 26m2, staff facilities 17m2, 1st floor storage 183m2.
Bronze Connection Ground floor, rent $18,000pa + GST + 20% building outgoings. Leased to established hairdressers, new fitout, rented from 1/11/2012 for 5 years plus 2 rights of renewal of 5 years.
Upstairs Image Shifters, facing Esk Street, Office Suite. Rent $5,000pa+ GST + $500 towards outgoings. Leased to 29/7/2014 plus rights of renewal.
Ex Elegant Nails, upstairs, north facing, have recently shifted out was leased at $5,000pa + GST + $500 towards outgoings, currently to lease as is, very good value at same rent value.


Total Rentals
Goodalls $50,000 + GST + 61% outgoings
Bronze Connection $18,000 + GST + 20% outgoings
Image Shifters $5,000 + GST + $500 towards outgoings
Total $73,000 pa + $5,000 when vacant space leased. = $78,000
Except approx. 2.313 paid by landlord. (source Landlords Act 10/1/2012)
N.B Warning. As this is a multi Tenancey Building and tenants dates