For Sale - New 10 Year Lease to TLE
Unit 4/55 Nettlefold Street, BELCONNEN ACT 2617New 10 Year Lease to TLE Electrical Wholesalers.
55 Nettlefold Street, Belconnen, 'The Carco Centre', is a well-known site in an unrivalled location featuring prime showroom & warehouse space with exceptional exposure and signage opportunities to passing traffic. Now available for sale is Unit 4 consisting of approximately 1,184 sqm of fully tenanted showroom/ retail space within the Belconnen Services and Trades precinct.
Unit 4 Features:
* 1,184 sqm of showroom/retail space
* New 10 year lease in place to TLE (ends 31.07.2031), with TLE to open for trade in early 2022.
* TLE are just about to start their fitout, as they are moving from a smaller premises around the corner from this building.
* Net income of approximately $245,492 + GST per annum
* 3.5% fixed annual rent reviews
* Two additional 5 year option periods
* 28 onsite car parks
* Conveniently located within close proximity to Westfield Belconnen and all of the major car dealerships in Belconnen
* The permitted use of the site includes the repair & servicing of automotive parts and accessories, shop, bulky goods retailing, and plant and equipment hire establishment.
The building is being sold via Expressions of Interest, closing 3:00 pm Wednesday the 8th of December.
Please contact Lenny Haddrill on 0402 565 166 or Andrew Smith on 0409 600 471 for more information.