Upcoming market rent review will bring the proud new owners a great investment!
Impressive Café on prominent corner site with alfresco seating and elevated open views. This modern building is only 6 years old and is situated next to Silverdale Medical Centre, Northern Arena, Brand new early child care centre and residential apartments.
The café is in a small block of retail shops and offices, includes Pizza Hut, Liquor Spot, and food outlets.
A new ROR (Right of Renewal) for 3 years and market rent review apply from 1st February 2019. This will give a huge opportunity for an astute investor to quickly realize the massive upside in the lease. The plant and most equipment is owned by the vendor.
Currently rented at only $202m² + GST p.a which is approximately half the market rate for the 135m² shop.
Silverdale is a thriving town centre with all the major stores, with Briscoes/Rebel Sport coming soon with a massive new development.
Please phone the sole agents at NAI Harcourts for more details.