A ground floor commercial unit in the Vibe complex at the Viaduct Basin was passed in at Ray White Commercial’s auction today.
The Vibe apartment & commercial complex, Market Place, unit GR 16:
Features: leasehold, 57m², ground floor office & showroom, parking space; Ray White Marine tenancy can be terminated on 3 months’ notice
Outgoings: rates $4227/year including gst; body corp levy $8364/year including gst – ground rent still under discussion
Rent: $38,360/year + gst, 4-year term, 2 2-year rights of renewal, final expiry in 2031
Outcome: passed in at $200,000
Agents: Finn Hurst & Bill Ludbrook
Attribution: Auction documents.