Located in the much sought after suburb of Isaacs, the Isaacs Shops is made up of a mix of small tenants servicing the immediate area, including a grocer, Indian restaurant, hair dresser, and some professional office and medical users. This property represents a fantastic opportunity for the astute investor to purchase a 73% leased investment with significant upside. The property is the main shopping centre in Isaacs and has a long list of long standing tenants.
The primary features of the site are:
• Approximately 928sqm of net lettable area.
• 8 tenants in place, with 3 small vacancies to fill.
• Current net annual rent of $99,803 plus GST, fully leased net rent of $157,293 plus GST
• Excellent location, in the popular suburb of Isaacs
• Abundance of parking both in front of and behind the building.
• Current average rent of $260 per m2 plus GST.
• Building was constructed by the sellers and has been maintained to an exceptional standard throughout.