SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

New Retail Investment Neighbouring Coles

11/8 Fairfax Street, Sippy Downs QLD

Property Highlights

Annual 3% Rent Reviews
National Tenant
As New Development

Description

Brand new building adjoining Coles Supermarket, Liquorland, medical & other retail
Adjacent Sunshine Coast University
Master planned precinct with huge residential catchment in booming Sunshine Coast
Banjo’s Bakery was founded in 1984 growing to 41 stores across Australia
Ten (10) Year lease to Banjo’s Bakery Cafe commenced 31 July 2018
Two (2) Seven (7) year options to 30 July 2042
Annual 3% rent reviews
Sippy Downs: rapidly expanding residential suburb of the Sunshine Coast, approximately 95 kms north of the Brisbane CBD and only 10 minutes from the beach
Net lettable area of 222 sqm
Tenant pays outgoings as per the lease
The Sunshine Coast economy has doubled in the last decade to over $10bn with a population of over 350,000 people
Net income of $157,263 p.a. (plus GST + plus outgoings)

Offered for sale via ‘Expressions of Interest’
Closing 4pm AEDT, Friday 22 November 2019

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
222 SQM
Building Area
222 SQM

Contact Agent

Glenn Conridge

0413 873 337

Contact Me

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