236A Kensington Road, Marryatville

SOLD SOLD SOLD

Well presented and prominently positioned premises currently utilised as a pharmacy.
Long term lease - affordable price range.
Torrens Titled premises which were extensively renovated in 1999 with new fittings throughout, situated next to Marryatville Woolworths Shopping Centre.
Leased until 31.05.2012 with options available.
Current rental is $30,720.00 PA (GST exclusive) with yearly reviews to CPI + 1% and market at renewal. Tenant pays all outgoings (except Land Tax).
An affordable investment holding with depreciation benefits also available.
To be Sold by Public Auction Friday 18th July 2008 at 11.30AM.

SOLD AT AUCTION - $540,000.00 - REFLECTING A YIELD OF 5.5%.

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