Prime high street retail shop leased to longstanding successful trader. This retail shop has excellent positioning fronting Griffith Street and is located at the lobby foyer entrance of Calypso Resort. Its the only shop that has internal window display inside the resort which is located directly next to the reception check in desk, thus guaranteeing high exposure to pedestrian traffic flow.
- 3 year lease (option recently renewed)
- Net rental $33,690 per annum
- 4% annual compound increases
- 62sqm shop plus 18sqm alfresco area for exclusive use.
- Fantastic location for all retailers.
- Strong trader with excellent track record.
- Ample common area parking.
- Attractive shop fit out.
- Large frontage to Griffith Street.
$525,000 representing 6.4% net return.
For full information memorandum, contact exclusive selling agents Towers Francis Property.