Perfectly located two storey shop, recently refurbished and in excellent condition through out situated at busy Summer Hill Railway Station, in the main Retail Shopping strip, with substantial council car parking approximately 60 meters away, outdoor community centre nearby with an ambience of village shopping, amongst tightly held shops rarely coming on the market for sale.
In fact 3 lackey Street Summer Hill is offered for the first time in over 50 years.
Tenancy: Inner West General Practice Pty Ltd
Use: Medical Centre
Land Size: 211m2
Area Ground Floor: 123 sqm approx
1st Floor Area: 91.80 sqm approx
Lease Start: 1st July 2008
Lease Expire: 30th June, 2013
Annual Rental: $65,780.04 pa approx inc gst
Annual Outgoings: $7,368.54 pa approx inc gst
Outgoings: Paid by Tenant
Option: 5 years x 5 years
Rental Increases: 2 or 3% whichever is the greater
Option Increase: to current market value