Providing approximately 105 square metres of light filled office space, the unit had recently undergone refurbishment including new carpets and LED lighting, at the time of sale.
The accommodation offers four partitioned offices, open plan office space, kitchenette and boardroom and its position at the north eastern corner on the first floor of the building ensures there is plenty of natural light to the unit.
Leased to TIB Business Advisors for a 5+5 year term that commenced on 1 January 2019, the property generates net income after outgoings of approximately $34,000pa plus GST. The lease provides for annual rental increases of 3.5%, providing excellent rental growth.
JLL RLA 1842*Approximate