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Trophy Beachside Medical Investment

1/3 Twenty Third Avenue , Palm Beach QLD

Property Highlights

10 + 10-year lease to 2041
Essential service underpinned tenant
4 dedicated carparks on title
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Description

+ Essential service underpinned tenant in brand new facility
+ Brand new 10yr lease with 1x 10-year option
+ 148sqm ground floor retail tenancy under 9 storey residential tower
+ Prime location with frontage to Gold Coast Highway on signalised intersection
+ Tenant pays all outgoings (excl. Land tax) with 2.5% fixed annual rent reviews
+ Chempro Chemists – national operator with over 106 sites across Australia
+ Gold Coast: undergoing explosive growth – population is expected to grow 36% to 820,000 by 2035
+ 4 dedicated car parks on title
+ Palm Beach – significant trade area growth through increased high density residential development in the immediate surrounding area
+ Substantial first year depreciation on offer
+ Net income of $73,073 per annum

For Sale by Investment Portfolio Auction
11am (Brisbane Time) Wednesday 10 November 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
148 SQM
Building Area
148 SQM

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