Brand New 10 + 10 Year Lease to 2037. Secure National Tenant – Unrivaled Triple Net Lease.
88 Aumuller Street, Portsmith QLD
Property Highlights
Description
– Brand new 10 year lease to 2027 plus option to 2037
– Fixed 3% rent increases providing guaranteed income growth
– Fully refurbished 1,395 sqm tenancy including new upgrades to all major services to the building
– Situated in proven retail and commercial district and surrounded by complementary tenants
– Versatile 2,477 sqm land holding with prominent 36m main road frontage
– Triple net lease: 100% of outgoings paid by the tenant including land tax
– Total Tools: Australian owned trade network in operation for over 25 years with 60+ stores nationwide
– Cairns: regarded as the capital of far north Queensland with an emerging population of approximately 200,000 and large scale domestic and foreign investment
– Net Income: $215,000 pa + GST and Outgoings
Auction 11am AEST Wednesday 28 June 2017
River Room, Crown Casino, Melbourne
Property Details