Blue Chip Medical Investment – Leased to ASX-Listed Subsidiary

51-55 The Esplanade, Maroochydore QLD

Property Highlights

Brand new 7 year lease to 2026
Fixed 3% annual rent increases
Tenant pays usual outs inc Land Tax

Description

+ Brand new 7 year lease to 2026 plus 5 year option to 2031
+ Guaranteed rental growth – fixed 3% annual rent increases
+ Tenant pays all usual outgoings including land tax as per the lease
+ Excellent lease security through corporate guarantee by ASX Listed Vita Group Ltd – Market Cap $199m
+ Premium 219 sqm retail fronting The Esplanade plus 55 sqm of on-title outdoor space
+ Secure and undercover car parking for 4 vehicles plus plenty of on street parking
+ Artisan Aesthetic Clinic: A premium and bespoke, medical aesthetics group with 11 centre across Australian and growing.
+ Part of Maroochydore’s newest premium retail and residential offering ‘The Cosmopolitan’
+ Maroochydore: Geographic centre of the Sunshine Coast and major commercial precinct. Huge investment into the immediate area with the Sunshine Plaza expansion alone set to cost $400,000,000. Population of the Sunshine Coast region is approximately 298,000 and set to rapidly increase to 470,000 by 2036.
+ Net Income: $175,000 pa + GST

Auction
11am AEDT
Wednesday 11 December
River Room, Crown Casino
Melbourne, VIC

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Building Area
219 SQM

Contact Agents

Doug Doyle

+614 005 64623

Contact Me

Scott Meighan

0413 830 709

Stay up to date with our latest portfolio auctions & insights