Freestanding drive thru retail building with 5 year lease
• 5.5 + 5 + 5-year lease to Cignall
· Commenced 01/10/2020 (expires 31/03/2026)
· $61,200 per annum gross + GST
· Rates and insurance are: $8,500 per year
· Net income $52,700 + GST
· 9-month bank guarantee
· 2 x directors personal guarantees
· Fixed 2% annual increases, FMR at option.
· Commenced 01/10/2020 (expires 31/03/2026)
· $61,200 per annum gross + GST
· Rates and insurance are: $8,500 per year
· Net income $52,700 + GST
· 9-month bank guarantee
· 2 x directors personal guarantees
· Fixed 2% annual increases, FMR at option.