Renewed 5 Year Lease to 2026 plus Option to 2031

7/5-9 Rabaul Street, Trinity Beach QLD

Property Highlights

Liquorland - subsidiary of Coles Group
Fixed 4% Increase - Assuring Growth
Net Lease, Tenant pays usual outgoings
Register to Bid

Description

+ Renewed 5 year lease to June 2026, plus option to 2031
+ Net lease with tenant paying usual outgoings
+ Liquorland Hotel Group wholly owned subsidiary of Coles Group Limited market cap $23.98b
+ Fixed 4% annual rent increases
+ Proven 242 sqm premises, amongst NightOwl, Australia Post, Pharmacy, Bakery, Medical Centre, Dentist, LJ Hooker and Ray White etc
+ Trinity Beach has prominence as one of the most exclusive suburbs on the Cairns northern beaches Coral Coast. Trinity Beach is a family friendly beach with year round safe swimming just 10 minutes’ drive north of the Cairns City CBD.
+ Trinity Beach is one of the favoured Cairns beaches amongst locals with an exclusive precinct of prestige seaside residences, restaurants, cafes and retail shopping.
+ Net Income: $93,667 pa (July 2021)

For Sale by Portfolio Auction
11:00am (AEDT) Wednesday 24 February 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Liquor
Land Size
242 SQM
Building Area
242 SQM

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