Established Pharmacy – Long 37 Year History
13 Casino Street , South Lismore NSW
Property Highlights
New 10 year lease + options to 2038
Fixed 3% Annual Increases
Large site with on-site parking
Description
Portfolio Auction 124
11am AEDT Tuesday 23 October 2018, Sydney
New 10 year lease until July 2028 + options to 2038
Long established pharmacy at this location circa 37 years
Captive local market with currently no competition in South Lismore
Modern freehold retail building constructed 2005
Large 808 sqm site with on-site parking
Fixed 3% annual increases – assuring future rental growth
Lessee pays all usual outgoings incl. council/water rates, land tax & ins.
Lismore: commercial centre of the Northern Rivers region with a population of 296,513 with strong growth forecast
Near tourism hot spots of Byron Bay & Gold Coast and 2 hrs. south of Brisbane
Net Income: $89,400 pa + GST
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
808 SQM
Building Area
808 SQM