Centrelink - Federal Government Guaranteed
The Salvation Army - Internationally Acclaimed

The building, occupied by both Centrelink & The Salvation Army is located in a very central position directly opposite Coles and Kmart Supermarkets and is directly next door to Aldi a new supermarket emphasising the significance of the location. Security and quality of the combined tenancy base will ensure long term investors are provided with solid and well indexed income from (2) community based industries.

33-35 Waratah Street, Katoomba is positioned on the lower side of Waratah Street, yet is centrally located directly opposite Coles / Kmart Shopping Centre and directly next door to the new Aldi Supermarket. This commercial area is regarded as the main retail focus of Katoomba CBD. We are also aware this area is very tightly held by long term commercial investors, making it extremely difficult for new incoming occupants and investors to secure opportunities.

The occupants of this site will always ensure a high level of pedestrian traffic favouring investor interest, as the current tenancy mix will ensure future demand for the site.

* Zoning - General Business (Local Government - Blue Mountains Council)

* Land Use General Commercial / Office Accommodation

* Property Description

Located on the eastern side of Waratah Street, Katoomba is a modern office building constructed supporting suspended concrete slab flooring, metal clip lock roof, aluminium windows and doors + air conditioning and undercover security parking.

* Ground Level - Centrelink Australia

Lease Term - 4 years commencing 1st July 2007
Option Period - 3 x 3 years
Net lettable area - 557.63 sqm (approx) + 12.54 sqm (computer room)
Net lettable area - 570.17 sqm (approx)

* Lower Level - The Salvation Army
Lease Term - 3 years commencing 14th August 2009
Option Period - 5 years
Net lettable area - 642.54 sqm (approx)
Basement Level - 30 car spaces + storage areas

* Site Area - Approximate aggregate site area is 1,437sqm

Lease Details - Centrelink
Gross Annual Income $243,752.16 (as at 1st July 2007)

Lease Details - The Salvation Army
Gross Annual Income $84,446.72 (as at 14th August 2009)

* Statutory Outgoings (FY 2009)

Sydney Water $ 1,964.00 p.a
Blue Mountains Council $ 3,447.25 p.a
Building Insurance $ 3,810.00 p.a
Land Tax 2009 $ 2,212.00 p.a
Air conditioning maintenance $ 9,600.00 p.a
Total Annual Outgoings $ 9,412.62 p.a

Recoverable Outgoings $ 7,000.00 p.a

Net Annual Income $314,165.63 p.a (approx)