Food Joint and Veggie Mama for Sale at Mount Lawley, Western Australia. - STRONG LEASE – PRIME LOCATION – LONG TERM TENANT – SUCCESSFUL BUSINESS – ON THE VIBRANT BEAUFORT STREET STRIP – AREA 93m2 (plus u/c carbay)
Veggie Mama’s an iconic restraint established in 2011, now enjoys a dedicated following. Located on the corner of Beaufort and Vincent Streets in the heart of the Beaufort Street Strip with ample parking nearby.
Lessee has just extended the lease by 7-years to 2023 with a rent of $51,658.87 (excl GST) plus outgoings with a fixed rent review of 5% P.A. plus a 5-year option. This property offers location, long lease, great tenant, solid return and locked in growth!!
Title details Lot 5 on Strata Plan 21608
Certificate of Title Vol. 1911 Fol. 41
Zoned City of Vincent Commercial; Land use Shops
Area – Floor Area 82m2 Titled Alfresco 11m2 Covered Parking 13m2 Total 106m2
Present Lease Commencement – 1st May 2016 – Expiry 30th April 2023
Current Rent – $51,658.87 P.A. plus GST and Outgoings
Rent Reviews 5% Fixed Annual Increase, Market Review at Option. Option 5 years
Estimated Outgoings Budget – $6,045 P.A.
ASKING PRICE $1,000,000 as a going concern.