Unit 127, 35 Mort Street, Braddon, ACT 2612
- For Sale
- $820,000 Ex GST as a going concern
- Floor Area
- 104 m²
- Tenure Type
- Tenanted Investment
- Last Updated
- Dec 02, 2016
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Price Reduction of $50K!
Located on the ground floor on the eastern side of The Mantra serviced apartments is this 104sqm tenancy that enjoys an easterly aspect fronting Mort Street. The business has operated as a successful cafe/takeaway and comes with a large outdoor exclusive seating area.
The current lease runs until 31/11/2019 with a further 5 year option, has predominantly fixed 3% annual increases and provides for the recovery of increases in outgoings. The tenant provides both a 3 month bank guarantee and a personal guarantee & the estimated net rent is approximately $61,409 pa, plus GST.