TENANCY DETAILS The property is being sold with a short-term income in place, with the lease expiring on September 30th 2020. Current Rent: $55,000pa +GST ($4,583.33 PCM) Lease Expiry:
30th September 2020
Further Terms:
Nil
Tenancy Arrangement While the owners sought planning permit approval over the property they let all leases expire. In recent times they entered a short term lease over the property. The tenant has subsequent subleased portions of the property to create a ‘co-working’ environment. The tenant has expressed a desire to stay on should the new purchaser desire. This will provide holding income while you plan the next chapter for 590-596 Glen Huntly Road. pire. In recent times they entered a short term lease over the property. The tenant has subsequent subleased portions of the property to create a ‘co-working’ environment. The tenant has expressed a desire to stay on should the new purchaser desire. This will provide holding income while you plan the next chapter for 590-596 Glen Huntly Road.
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