8 Esplanade Picnic Bay
* Four tenanted shops located on The Esplanade in Picnic Bay
* Beachfront location
* 1012m2 with the shops located a the front of the block leaving room for further development to the rear (STCA)
* Current gross rental income approx $20,000p.a.
* Council rates approx $7400 p.a.
* Insurance approx $2500 p.a.
* Commercial Freehold
* Invest for the future at today's prices
Land Area 991 m2
Floor Area 190 m2
located to right of red-lined area (which at Nov.2015 is for sale at $895,000 - click here)
sold 1986 $250,000; 1993 $350,000; 2007 $600,000
gross rent $20,000p.a.
Shop 1 Art Space, no lease, no rent
Shop 2 Happy Hands Thai Massage, $4,800p.a., to 11/11/14 + 1x12months
Shop 3 Fox & Hair Lounge, $4,800p.a., to 31/5/14 + 1x6months
Shop 4 Blue Elephant Thai Cuisine, $5,220, to 31/5/15 + 1x3yrs