Two Prime Retail Investments

Two prime retail properties\nNew building - new leases\nQuality tenants\n\n541 High Street comprises Lower Hutt's newest retail complex (completed December 2011) specifically designed and built to accommodate FCO and Animates.\n\nThe buildings are on individual freehold titles and are able to be sold separately.\n\nwww.animates.co.nz\n\nwww.fco.co.nz \n\nAnimates\nLettable Area: 902sqm\nLand Area: 1,905sqm\n\nFCO\nLettable Area: 1,401sqm\nLand Area: 2,415sqm\n\nTENANCY DETAILS - FCO NZ LTD\nTerm of Lease: 8 years\nCommencement Date: 31 October 2011\nReview Date: Annual CPI\nRights of Renewal: 2 x 8 years\nNet Rental: $332,575pa + GST\n\nTENANCY DETAILS - ANIMATES NZ HOLDINGS LTD\nTerm of Lease: 8 years\nCommencement Date: 7 November 2011\nReview Date: Annual CPI\nRights of Renewal: 2 x 8 years\nNet Rental: $231,922pa + GST\n\n