Currently tenanted by George Taylor’s Stores and Flight Centre, this freehold in prominent Hamilton position is priced to sell.
George Taylor’s Store area includes a retail area of 750m2 plus upper level, increasing the floor space by 405m2. Flight Centre area is 50m2. Both Flight Centre and George Taylor’s Stores are long standing, viable tenants with existing leases in place, with one vacant shop (of 50m2) front with excellent rental potential and current return of 12%. Zoned Commercial.
Flight Centre lease runs to July 2019 with option for additional 3 years. Current rent $10,000 (Inc GST) P.A. 2% annual increases.
George Taylor’s Store lease runs to March 2019 with option for additional 3 years. Current rent $59,800 (inc GST)P.A. with annual CPI reviews. Tenant pays rates.
Vacant shop total potential rent $7,200 (Inc GST) P.A.