Secure CBA Investment 5% Rent Increases

2 & 32/11 Pearl Street , Kingscliff NSW

Property Highlights

Renewed lease + options
Attractive 5% pa increases
Near Tweed Heads

Description

+ Renewed 3 year lease until Oct. 2022 plus options until 2025
+ Attractive 5% rent increases
+ Lease requires tenant to pay outgoings incl. management fees
+ Modern 158 sqm retail premises with commanding double frontage
+ Close to Woolworths anchored shopping centre, other banks and Kingscliff’s retail strip
+ Kingscliff, a thriving town on the Tweed Coast only 15 km to Gold Coast Airport
+ Net Income: $108,817 pa + GST

Deadline Private Treaty
Offers Closing 4pm AEST Thursday 4 June (Unless Sold Prior)
Indicative Price: $1,500,000 (7.25% Yield)

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
1 SQM
Building Area
158 SQM

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