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| National tenant new 5 year lease |
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127-129 Adelaide Street Maryborough
Queensland
$1,050,000 |
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Leased to Carpet Court a large furniture and flooring centre in Maryborough. Current 5 year lease through to 2012 with 2 x 5 year options. Land area 1,970m2. Net lettable area 1,300m2 approximately. Tenant is established with 5 branches in north coast area. Long term development site. Asking $1.050m negotiable, CPI increase effected 2 July 2008 - current nett income $97,743 per annum (exclusive of GST).
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: Commercial investment property
: New 5 year lease
: July 2007 expire July 2012
: 2x5 year options
: 2 retail showrooms, 1 warehouse
: Building has 2 street frontages
: Rent $97,743 (GST exclusive)
: Yearly CPI increases
: Directors guarantee
: Eligible for depreciation allowance
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| July 2007 expire July 2012 |
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