Long Lease to St George Bank
Net Income: $175,097 per annum (approx) from October 09
Lease: 5 years + 5 years + 5 years commenced October 08
3.5% fixed annual increases
Sydney’s busiest retail/ entertainment strip
The property comprises of a retail banking chamber with office, storage areas and staff amenities with rear lane access. An ideal opportunity to purchase a trophy property with a secure blue chip tenant in a highly sought after location.