Is there an option of renewal & what period?
The lease begun in 2013 and has a 5 year survival period, with option to renew.
What is the annual escalation %?
The annual escalation is 10%.
What are the trading hours?
The business operates from Monday to Friday 9:00 to 18:00 .Saturday 9:00 to 16:00 and Sunday 9:00 to 14:00. The business is closed on the following public and religious holidays, Good Friday, Easter Sunday, Christmas Day, Boxing Day and New Years Day.
What is the square meters of the business?
The business operates from a 77 square meter retail shop space in a busy open shopping complex.
Is a copy of the lease available?
There is a copy of the lease on file for perusal by a serious qualified buyer. The landlords require a 2 months rental as a deposit and the first months rental is payable upfront. The new prospective tenant must be approved by the landlords. The sale will be subject to the approval of the purchaser by the landlords.