116 & 117/12 Salonika Street,
Parap, NT 0820

Chin Property Group are pleased to present to market , two individual ground level commercial units within the "Spirit on the Avenue" precinct located in Parap, being adjacent to Karma Cafe and Milestones Early Learning Childcare Centre. Both units are leased to Educate Australia Pty Ltd (trading as Latitude College) on individual leases and may be sold together.

Unit 116 (being Lot 9149) comprises a strata area of 184sqm and offers a unique style of accommodation which has been fitted-out for the current occupants use as a kitchen training facility, with approximately $350,000 having been spent on fitting out as a commercial kitchen. The unit has a roller door leading on to a loading bay with access via the rear of the complex.

Unit 117 (being Lot 9150) comprises a strata area of 180sqm, including 1 car parking bay on Basement Level 1. The unit presents to a high standard having been fitout as Latitude College's primary office.

Both units are each leased for $55,000pa + GST + Outgoings (tenant's proportion of 100%) - being a total of $110,000pa + GST + Outgoings, on 3-year leases commencing on 01 July 2023 and expiring 30 June 2026, with 1 x 3 year Option and subject to CPI annual reviews.

For more information or to arrange an inspection, please contact Seth Chin on 0411 178 8... or Victor Harris on 0412 154 1....