A rare opportunity to acquire a prime commercial freehold with a long-standing tenant in the heart of Sales CBD.

The property is currently leased to Khayaam Hair Salon, a well-established and award-winning business that has been a model tenant since 2010. The current rent is $33,114.48 per annum, with the tenant paying all usual outgoings excluding land tax.

The tenant has recently renewed their lease for a further five years, with one additional five-year option potentially taking the lease through to 2035. The lease features an annual fixed rent increase of 2.5%, along with a market review at term. The commencing rent for the next term is $34,000 per annum, commencing February 2025.

This property offers a secure investment opportunity with a reliable tenant and a long-term lease in place. The annual rent increases and market reviews provide the potential for growth in rental income.

Contact us today to arrange an inspection and take advantage of this exceptional investment opportunity.