Smart money, securely leased with expected circa 5.5% net return.......
Prominently located (corner Washington Street) within a boutique contemporary commercial building. Enjoying a northerly aspect this 2nd floor office suite of 200mÂ2 plus outdoor areas and 3 secure carparks has been occupied by Schembri & Co Lawyers since 2010.
The current lease runs until 30 June 2023 with a 3 year further term, returning a net $63,860 p.a. before depreciation allowances with 3% annual increases.
Selling via Expression of Interest date to be confirmed, if not sold prior.