TENANCY DETAILS

The property is being sold with a short-term income in place, with the lease expiring on September 30th 2020.

Current Rent:

Lease Expiry:

Further Terms: $55,000pa +GST ($4,583.33 PCM)

30th September 2020

Nil

Tenancy Arrangement

While the owners sought planning permit approval over the property they let all leases expire. In recent times they entered a short term lease over the property. The tenant has subsequent subleased portions of the property to create a ‘co-working’ environment. The tenant has expressed a desire to stay on should the new purchaser desire. This will provide holding income while you plan the next chapter for 590-596 Glen Huntly Road.

pire. In recent times they entered a short term lease over the property. The tenant has subsequent subleased portions of the property to create a ‘co-working’ environment. The tenant has expressed a desire to stay on should the new purchaser desire. This will provide holding income while you plan the next chapter for 590-596 Glen Huntly Road.