Fully Leased Investment Opposite Bunnings & Anaconda

Building 5/10 Capital Place, Kawana QLD

Property Highlights

Secure 15 year & new 5.5 year lease
Fixed 3.5% & 2.0% rent increases
40,000 cars passing daily

Description

+ Absolute blue-chip location opposite Sunshine Coast’s largest Homemaker Centre (Bunnings, Anaconda, Spotlight etc). Within 1km – Stockland Shopping Centre (anchored by Coles & Aldi), Australia’s largest health precinct including the new State-Of-The-Art Sunshine Coast University Hospital
+ Long term secure leases, WALE of 5.5 years
+ Guaranteed rental growth, fixed compounding 3.5% & 2.0% annual rent increases
+ 100% leased investment, highly successful businesses
+ 99 Bikes: Australia’s #1 local bike store with over 50 stores in Australia and 5 in New Zealand. Proving to be a ‘COVID Proof’ business with sales growth in excess of 200% since March 2020
+ Secure long term 15 year lease to 2026 + option to 2033
+ Alley Oops: State-of-the-art Skate Park facility for all ages with half pipes, foam pit and a café. Extensive tenant fitout
+ Brand new 5.5 year lease to 2026 + option to 2031
+ Ideal location for these tenants, high exposure and frontage to Kawana Way, over 40,000 vehicles passing daily
+ Modern building of 1,127 sqm, situated in the exceptionally busy retail centre of ‘Capital Place’ – an overall lettable area of 5,967sqm on a prominent site of 1.27ha
+ Kawana/Birtinya: Major growth location, $1.8 billion Sunshine Coast University Hospital, $87 million Stockland Shopping Centre and home to the Sunshine Coast’s largest Homemarker centre. Sunshine Coast is set for significant growth over the next 20 years with population forecast to grow by over 32%, from 351,424 to 518,004 by 2041
+ Combined Net Income: $195,772 pa + GST

To be sold by Burgess Rawson Investment Portfolio Auction:
10.30am AEDT, Wednesday 9 December 2020.

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
12,700 SQM
Building Area
1,127 SQM

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