Lease Option – minimum 5% incr
Existing Gross Rent: $160,000 p/a
Minimum Incr. Gross Rent to: $168,000 p/a
GEM™ Evaluation: $80,000 p/a
New Rent New Location: $53,000 p/a
Total 5-Year Benefit to Tenant $600,000+
Pharmacy located in Medical Centre. Business had one 5-year option with minimum 5% increases in lease. GEM™ Report supported around $80,000 p/a. landlord refused to negotiate.
Plan B suggested. Other vacant shops across the road. Business secured new 5 + 5 + 5 year lease, for similar sized shop immediately across the road.
