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 etc Based 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 Disclaimer The information contained i is intended as a guide only and is based on the information supplied to Zirky Real Estate. No warranty is given or may be implied as to the accuracy or otherwise. Prospective purchasers are urged to seek independent legal, financial and taxation advice and to check all information supplied.