Properties/73 Forest Street

73 Forest Street, Castlemaine VIC 3450

RetailLot 1 on TP 217976EMount Alexander ShireLeased
Tenant
MMB Progressive TradingPet store
Annual rent
$75,000.00plus GST, $6,250.00 a month
Lease ends
31 Aug 2030Year 1 of 4, 2 options of 3 years
Next key date
1 Dec 2026Upgrade the yard toilet
Security
$6,875.00Cash bond, 1 month plus GST

Needs you

3

Land tax is listed as a recoverable outgoing

Under the Retail Leases Act 2003 (s 50), land tax usually can't be recovered from a tenant that isn't a listed company or a listed company's subsidiary. No listing was found for MMB Progressive Trading.

Does the tenant run the business as your agent?

The last question for the Retail Leases Act check. Everything else came from the lease: retail use, occupancy costs under $1 million, tenant not listed.

Add the bond receipt and latest rates notice

The bond lodgement date and the council rates for 2026-27 come from these.

Key dates

Reminders go to matt@crewamp.ai
DateWhat happensWhoReminder
2026
1 SepLease started
4 years to 31 Aug 2030. First 2 weeks rent free.
 Done
1 DecIn 9 weeksUpgrade the yard toilet
Within 3 months of the start. Special condition 23.4.
You1 Nov
2027
31 MaySend the outgoings estimate for 2027-28
At least 1 month before the year starts on 1 Jul. Clause 5.4.3. Every year.
You1 May
1 SepRent review, fixed 3.5%
$75,000.00 to $77,625.00 plus GST a year.
You2 Aug
30 SepSend the outgoings statement for 2026-27
Within 3 months after 30 Jun. Clause 5.4.5. Every year.
You1 Sep
2028 to 2029
1 Sep 2028Rent review, fixed 3.5%
To $80,341.88 plus GST a year.
You2 Aug
1 Sep 2029Rent review, fixed 3.5%
To $83,153.85 plus GST a year.
You2 Aug
2030
28 Feb to 31 MayOption 1 window, 3 more years
The tenant exercises in writing 6 to 3 months before the lease ends. Item 8.
Tenant28 Jan
31 AugLease ends
Runs to 31 Aug 2033 if option 1 is exercised.
 1 Mar
1 SepMarket rent review
Only if option 1 is exercised. Item 11.
You1 Jun

Rent

Monthly in advance on the 1st
PeriodReviewAnnual, plus GSTMonthly, plus GST
1 Sep 2026 to 31 Aug 2027
First month $3,373.00 after 2 weeks rent free
Starting rent$75,000.00$6,250.00
1 Sep 2027 to 31 Aug 2028Fixed 3.5%$77,625.00$6,468.75
1 Sep 2028 to 31 Aug 2029Fixed 3.5%$80,341.88$6,695.16
1 Sep 2029 to 31 Aug 2030Fixed 3.5%$83,153.85$6,929.49
1 Sep 2030 to 31 Aug 2033
Option 1. Fixed 3.5% on 1 Sep 2031 and 2032
MarketSet at review 
1 Sep 2033 to 31 Aug 2036
Option 2. Fixed 3.5% on 1 Sep 2034 and 2035
MarketSet at review 

Term

Initial term, 4 years1 Sep 2026 to 31 Aug 2030
Option 1, 3 yearsto 31 Aug 2033
Option 2, 3 yearsto 31 Aug 2036