Investment Sale- Rivett Shops- New 5 + 5 yr Leases in place
14 & 16 Rivett Place, RIVETT ACT 2611This Weston Creek suburban shopping centre features a mix of shops including a supermarket, café, post office, bakery, and a massage business.
This is well-located property, in close proximity to the very busy Coolemean Court Shopping Centre, the shops are also home to "Pitch Black Cafe".
This includes a modern fit-out with a front counter, rear kitchen, large open plan dining/café space internally with a high ceiling line, timber flooring, and undercover roofing to the front door of the shop. The shop also provides split system heating and cooling systems.
The buildings are leased to the ‘Pitch Black Café' and the most prominent features of the
5 year lease, expiring 2026
Option of a further 5 years
3% annual rent review
Tenant pays the proportional increases in the statutory charges
Unbeatable location in Rivett
Strong mix of older and new younger property owners coming into the area
Strong opportunities to invest within this district do not come up often and should not be missed. The property is being sold by “Expression of Interest” sale closing on Wednesday, 16 March 2022.
For more information or to arrange an inspection please contact David Grimmond on 0406 376 697