Doran Commercial is please to offer this rock solid retail investment to the market.

Location- Shop 1&2 at 154 Military Road Neutral Bay is located on the Northern side of Military next to one of Neutral Bays busiest pedestrian crossing over Military Road. The property is surrounded by other substantial retailers including Subway, O'Porto Chicken, 7-11 Convenience Store, The TAB and directly next door to the soon to be opened brand new Blockbuster Video Store.

Tenant- 4 Paws Veterinarian Clinic and Pets in the City occupy the two shops comprising the strata lot. Which are both owned and operated by the one party. 4 Paws Veterinarian Clinic has been established in the subject property for over 6 years plus and has been in Neutral Bay for well over 10 years and is recognised as a leading vet clinic in the area. 4 Paws offers a full range of diagnostic and treatment services.

Pets in the City have been in situ for over 6 years and are recognised as one of Sydney's most exclusive pet boutiques specialising in all things designer for dogs and cats and first class grooming parlour.

Both fit outs are of a particularly high standard and will offer a significant comfort for the discerning investor

Long term flexibility- The property offers flexibility long term including
• Ability to split into 3 strata shop or tenancies to increase rental (stca)
• Significant rental growth potential at the next market review
(current net rental excluding parking is $380 per sqm)

Lease Details-

Area: 322m2
Parking: 12 Undercover Car Spaces (1 is converted into storage
Gross Rental: $188,960.29 p.a Gross + GST
Outgoings estimate: $26,737 p.a
Net Rental: $162,223 p.a
Net Rental: Excluding parking: $122,746 or $381 per sqm
Location: Very strong retail position in Neutral Bay
Lease Term: 10 years from 28th July 2003
Option: 5 Years

Should you require any further information don't hesitate to contact our office.

Inspect- Open 2:00pm - 2:30pm Fridays or By Appointment

(red line highlighting subject property is to be used as a guide only. Purchasers can gain a strata plan for accurate areas of the subject property)