The Opportunity

Searching for a staple investment with long term lease security, national tenant profile and fixed annual rental growth, then make sure Lots 230-235 Bayswater Road, Kings Cross are on your investment check list!

‘Secure Parking Pty Limited’

This investment opportunity offers an initial lease term of five (5) years. Market rent reviews are applicable upon the anniversary of each year with a fixed annual rental increase applicable @ 4%. With the added advantage of the car parking station being located within the heart of Kings Cross operating 24 hours, 7 days per week, as the lessor, you will have flexibility of either Renegotiate a new lease term with the car parking operator utilising each of the (6) spaces at the expiry of the lease in April 2012 for your own needs
or simply retain the option of selling each space individually and potentially benefit from future capital gains.

19-35 Bayswater Road, Kings Cross is a modern multiple level (7) storey building above ground with (5) multiple levels of underground parking. The building incorporates a mix of residential, commercial and retail tenancies.
In April 2005, Secure Parking entered into a five year lease term with fixed annual increases at 4%.
Additional features include:
6 concrete car spaces open and adjoining
Secure Parking Pty Limited operate (24) hours, (7) days per week.
Secure Parking Pty Limited operate a ‘pay for parking’ service
Secure Parking Pty Limited is responsible for all new line marking of each individual space

Lessee Secure Parking Pty Limited
Lease term 5 Years
Commencement date 17 April 2007
Option periods NA
Current gross rent $14,153.25* (+ GST) - 6 Lots combined p.a

Outgoings p.a $ 3,456.00* Council rates (2009) 6 lots combined
$ N/A Water rates
$ NA Land tax 2009
$ 3,863.04* Admin fund 6 lots combined
$ 881.04* Admin Special Levy 6 lots combined
$ 680.88* Sinking Fund 6 lots combined
$ 8,880.96* total annual outgoings
Total net Income $ 5,272.29*

Annual increases 4% fixed

For further information, please contact:

ANTHONY BRAY
tel 02 9220 8457
mobile 0419 322 233
anthony.bray@ap.jll.com