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Retail in Oonoonba
Freestanding drive thru retail building with 5 year lease
- Building: 210m²
- Land: 857m²
• 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.
Building:
210m²
Land:
857m² / 0.21 acres
Zone:
Commercial - Local Centre Zone
Tenancy:
Vacant
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