A substantial corner city fringe land holding with a brand new 15 year lease.

Located at the intersection of Johnston and Nicholson Streets providing ease of access and egress. This property provides a secure long term investment with strong rental growth an superior long term development potential.

- Term: 15 years + 3 x 5 year options;
- Current rental of $195,000 p.a. net (approx) plus GST;
- 4% annual increased;
- Land area: 1,561 sqm (approx);
- Zoned Business 1;
- Tenant pays all outgoings (except land tax).

For Sale by Public Auction, Thursday 19th April, 2012 at 11am onsite.