Leaseproof

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
Outgoings
100% to tenantYou pay, then invoice
Next key date
1 Dec 2026Upgrade the yard toilet
Security
$6,875.00Cash bond, 1 month plus GST
FOREST STREET 188915 1 2 ACCESS 60' 18' 50' 165'
  • Leased, Lot 1
  • Licensed, Lot 2
  • Shared access
Redrawn from TP 217976E, not to scale. Original, p. 25

Lease term

3 years 11 months left of the initial term
Option 1 window Option 2 window Today
Initial term1 Sep 2026 to 31 Aug 2030 Option 1to 31 Aug 2033 Option 2to 31 Aug 2036
Next rent review
1 Sep 2027Fixed 3.5%, to $77,625.00 plus GST
Option 1 window
28 Feb to 31 May 2030Tenant gives notice in writing
Next market review
1 Sep 2030If option 1 is exercised
  • Fixed 3.5% review
  • Market review
  • Option window

Needs you

3

Land tax is recoverable under the lease

Under the Retail Leases Act 2003 (s 50), land tax usually can't be recovered unless the tenant is a listed company or its subsidiary. MMB Progressive Trading isn't.

Does the tenant run the business as your agent?

Needed to confirm the Retail Leases Act applies.

Add the bond receipt and latest rates notice

Coming up

  • 1 Dec2026
    Upgrade the yard toilet
    Special condition 23.4
    You
  • 31 May2027
    Send the outgoings estimate
    For 2027-28. Clause 5.4.3
    You
  • 1 Sep2027
    Rent review, fixed 3.5%
    To $77,625.00 plus GST a year
    You
  • 30 Sep2027
    Send the outgoings statement
    For 2026-27. Clause 5.4.5
    You