124/10 Thynne Street

Bruce ACT 2617

Unit 124/10 Thynne Street comprises of a free standing building of approximately 220 sqm under roof line with an adjoining external deck of approximately 95 sqm that was constructed in approximately 1995. The property has always housed the successful Cafe Momo business, has never been vacant and provides one of the rare purpose built restaurant/cafe premises in the suburb of Bruce. In addition to the premises there are additional unit subsidiaries that provide twelve car parks and a loading/waste area.

A variation to the lease has been executed which has had the effect of the tenant exercising their five year option 12 months early, which means a new 6 year lease commenced on 1/6/2016 and will now expire on the 31/05/2022 with a further five year option. The estimated net income is $76,512 per annum plus GST, the rent is fixed for the first 2 years and then 3% annual increases and the tenant has provided a bank guarnatee as security.