Smart money, securely leased with expected circa 5.5% net return.......
Prominently located (corner Washington Street) within a boutique contemporary commercial building. Enjoying a northerly aspect this top(2nd) floor office suite totals 215mÂ2, being 187m2 internal and a 28m2 linear terrace plus 3 secure carparks has been occupied by Schembri Lawyers since 2010.
The current lease runs until 30 June 2023 with 3 further terms, each of two years, returning a net $63,860 p.a., with 3% annual increases.
Selling via Expression of Interest date to be confirmed, if not sold prior.