11 Schuss Street

A commercial retail space is available for sale in the Cedarwood complex at Falls Creek. The area is approx. 57.4sqm. The tenant in place is an established operator of a ski rental business. The lease term is a 5 + 5 + 5 year term with the first term ending in May 2020. Rent is currently $20,000 plus GST per annum, broken down into 4 payments per annum Utilities are electricity only. The 2018 total was $1,452 paid by tenant Owners corporate fees in 18/19 where $5,904.19 of which the vendors paid $2,888.04 and tenant pays $3,016.15 being their share of rates, services charges etcBased off these details it is netting approx. $17,111.96 at $190,000 that is an approximately 9% return. All property at Falls Creek is Leasehold title, the Alpine Head Lease at Cedarwood is a long to 2054. Please request a handout which explains how it works if you are unfamiliar