Now I don't pretend to understand all of this but it sure is some mighty fine real estate jargon:
- Coles Supermarket & 5 specialty tenants offered for the first time in 25 years
- Coles accounts for 73% of gross income - lease to July 2022 plus options
- Speciality tenants include a Cellarbrations Liquor, Green Grocer, Butcher, Hairdresser and Florist
- Prime location in Lane Cove, an affluent Lower North Shore suburb approx 9.5km to the north of the Sydney CBD
- Future development potential (subject to tenant & council approval)
- Net passing income $1,600,000 p.a approx
If I owned it, I'd put a waterslide through that main atrium just for the hell of it, and build myself a penthouse apartment on the roof.
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