Massive 4 level strata terrace with rear lane access via Hourigan Lane.
Currently occupied by a well established over 40 years, discrete business.
Currently tenants have owned this business since 1998.

The current commercial lease has 2 years to run with a 6 year option, plus a further 6 year option thereafter.
There is a 3% annual increase to market rental at the start of each option.
Net rental return $168,816pa
338 sqm – gross area
Land use – general commercial
Zoning 10 mixed use

The commercial lease agreement provides that the tenant pays the following outgoings… Council $8,062pa, Water $1,950pa, Landtax $11,502pa and Insurance $7,215pa.

Victoria Street terrace owners have for many decades experienced tremendous capital growth.

A rare opportunity now exists to secure this top shelf property, a solid tenant, a blue chip location and not forgetting, outstanding rental income!