New 10 year lease to 2024, with option to 2034
National brand with 87 stores Australia-wide
Barbeques Galore in occupation for 16 years
Building area of 1,687 sqm (land area of approx. 1.38 hectares)
Neighbouring retailers including Bunnings, a new Masters store, Fantastic Furniture and others
Value add opportunities
Substantial depreciation benefits
Attractive fixed 4% annual rent increases (income $348,000 in 2024*)
Net Income: $245,400 pa + GST (as at 17 July 2015).

Auction 2pm Tues 19 May, 50 Margaret St Sydney

Michael Gilbert 0430 024 790
Rhys Parker 0451 101 042