Fully Leased High Profile Investment | Value Add Opportunity
14 Discovery Lane , Mount Pleasant QLD
Property Highlights
Description
Burgess Rawson is pleased to offer to the market 14 Discovery Lane, Mount Pleasant (Townsville) for sale via Offers to Purchase.
The property has the following investment highlights:
+ Long established national tenants including Choices Flooring, Choices Tiles, First National Real Estate and L’Amour Home Furniture
+ Mostly 5 + 5 year leases
+ Fixed 3.5% annual rent increases
+ Building area: 1,290sqm* plus a 49sqm* storage shed
+ DA approval for two extensions offering an additional 1,077sqm* of lettable area
+ Prominent 5,790sqm* corner site
+ Modern showroom complex with substantial on-site parking
+ Opposite Harvey Norman complex, McDonald’s and other national retailers
+ Over 30,000 vehicles passing daily
+ Mackay: one of Queensland’s fastest growing coastal cities and home to over 177,000 residents
+ Net Income: $221,797 pa* + GST
To be sold by Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
Property Details