10 Year Lease Plus Option to 2036 – High Profile CBD Asset – 10% Net Yield Expected

128 east street, rockhampton city qld

Price on Request

  • 10% Yield expectation
  • 10 Year lease + option to 2036
  • Tenant pays all outgoings

Property Details

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

Featured Details

Current Tenant Tenanted
Gross Building Area 1915 sqm
Land Size 899 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: QLD000609

Thank you for showing interest in us.

Contact Details

Office Details

Level 24, 324 Queen Street, Brisbane QLD 4001

T 07 3220 3611 E brisbane@burgessrawson.com.au

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