10 Year Lease Plus Option to 2036 – High Profile CBD Asset – 10% Net Yield Expected
128 East Street, Rockhampton City QLD
Property Highlights
10% Yield expectation
10 Year lease + option to 2036
Tenant pays all outgoings
Description
10 Year lease to July 2026 plus options to 2036
Prime CBD corner position
Long established iconic hotel and restaurant in the heart of the city
Land area 899 square metres
Building area 1,915 square metres over 3 levels
Tenant pays outgoings as per the lease
Annual CPI rent increases
3 Month bank guarantee
Principal Centre Zone under the Rockhampton regional planning scheme
Rockhampton – The administrative and commercial centre of central Queensland and the beef capital of Australia,
growing population 100,000 plus
Net income $363,780 p.a. (plus GST)
Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Leisure/Hospitality
Land Size
899 SQM
Building Area
1,915 SQM