Securely leased to Pie Face – 58 stores across 5 countries.
5 year lease expiring Aug 2020 plus 5 year option.
High profile, high traffic location at iconic Coogee Beach.
Only 25 metres from Coogee Pavilion and 1 minute to Coogee Beach.
Tremendous pedestrian flow from dense local population.
Highly frequented tourism hotspot.
Outgoings are fully paid by lessee.
Annual 3% rent increases.
A great alternative to a residential investment.
Net Income: $61,800 pa + GST (as at 1/9/16).