High Profile Fully Leased Investment Adjoining Woolworths and Coles
9 Devereaux Drive, Morayfield QLD
Property Highlights
4,047sqm site adjoins Hungry Jack's
Neighbours Morayfield Shopping Centre
Fixed 3% & 3.5% annual rent increases
Description
+ Fully leased to national tenants Hog’s Breath & Café and Café 63 on 10 year leases and Baskin-Robbins (5 years) & Master Noodle (6 years).
+ Fixed 3% & 3.5% rent increases.
+ Superb location seamlessly adjoining Hungry Jacks, Westpac Bank and Morayfield Shopping Centre anchored by Woolworths & Coles, with 6.2 million visitors annually.
+ Significant 4,047 sqm freehold site with 3 street frontages and 55 on-site car spaces.
+ 33,000 vehicles passing daily.
+ Morayfield: 40km from Brisbane CBD, part of Moreton Bay forecast population growth of 50% to 690,000 by 2041.
+ Net Income: $388,718 pa + GST
Investment Portfolio Auction 10:30am AEST Wednesday 12 May
Crown Casino, Melbourne, VIC
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Cafe;Leisure/Hospitality
Land Size
4,047 SQM
Building Area
942 SQM