Blue Chip Beach Front Retail, 6.31 Year WALE – High Growth Area

78-80 Marine Pde, Kingscliff NSW

Property Highlights

100% leased investment
Long Standing and Successful Operators
Net Income: $315,505 pa + GST

Description

+ 100% leased investment, tenants pay all outgoings, as per leases, 6.31 year WALE
+ Long Standing and Successful Operators – 5-10 years plus in Occupation
+ Five shopfronts with total of 455 sqm lettable area + alfresco
+ Longstanding and successful retail operators
+ Guaranteed rental growth with fixed compounding 3.5% and 4% annual increases
+ 2 km from new regional hospital under construction ($673 million)
+ Strong Shire population 97,000 with 35% increase by 2041
+ Standout border town location 30 mins. from Byron Bay and 15 mins. from Coolangatta (Gold Coast Airport)
+ Net Income: $315,505 pa + GST (as at May 2021)

Investment Portfolio Auction
11am AEDT Tuesday 8 December
Yallamundi Rooms, Sydney Opera House

This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
455 SQM
Building Area
455 SQM

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