Franchised Book Store

Book store lease rent australia

Current Annual Rent: $472,000 Achieved Result: $253,000

Flagship store. Reduction saved the whole business.

Sadly, the private property investor who purchased the building in which this store was located had received poor due diligence advice from a branded valuation firm. The investor had paid some $4.5 million for a site likely worth only $2.3 million.

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