Beach Front Freehold in Hervey Bay – Established Pharmacy Almost 20 Years

Prime position on Hervey Bay Esplanade opposite beach
Renewed 5 year lease to 2025 plus option to 2030
Pharmacy established in this location since 2003
Net lettable area of 297 sqm
Development Precinct HDR1 (Hervey Bay Tourism Node): Development potential to 26m (approx. 8 storeys – STCA)
Infinity Pharmacies – over 20 outlets plus 9 medical centres in Queensland and Tasmania
Tenants pay all outgoings as per the lease including management fees
Fixed 2% annual rent increases
Freehold 556 sqm site with rear access from the Esplanade
Hervey Bay: the fastest growing seaside city in regional Queensland and only 3 hours’ drive north of Brisbane, a world-renowned tourist destination and commercial hub of Fraser Coast region, trade catchment 107,000 plus and 4.3 million visitors annually
Net income $65,128 p.a. (plus GST)

To be sold by Burgess Rawson Investment Portfolio Auction
Tuesday 3rd August 2021 at Yallamundi Rooms, Sydney Opera House