SOLD

Well Positioned Centre, Longstanding Operator! 5 Year Lease to 2022 + Option to 2027

Lot 1/1-3 Rabaul Street, Trinity Beach QLD

Description

Secure 5 year lease to 2022 + 5 year option to 2027
Tenant has been in operation 10 years from this location
Coastwatchers Shopping Centre which contains: Nightowl Supermarket, Brumby’s bakery, Liquorland, Australia Post, butcher, eateries, pharmacy, newsagency, medical facilities, a dentist, massage, hair and beauty
Well patronised by locals and tourists alike, being the main convenience centre for the suburb
Corner position with great exposure close to beach and just 20 km to Cairns CBD
NLA: 213 sqm
Annual CPI rental increases
Market review at option
Net lease, tenants pay all outgoings as per the lease
Easily managed, single tenanted investment
Net Income: $62,000 pa + GST

Auction 11am AEDT Tuesday 27 March 2018
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property Details

Listing

Sale

Current Tenant

Tenanted

Building Area

213 SQM

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