Renewed Five Year Lease Plus Options to June 2029
Lot 34/115 Shingley Drive, Airlie Beach QLD
Property Highlights
Marina & Whitsundays Island views
8% Plus return
Fixed 3% rent increases
Description
Price reduction – clear instructions to sell
Renewed 5 year lease to June 2024 plus 1 x 5 year option to 2029
As new restaurant comprising 496 sqm
Stunning location overlooking Abel Point Marina and the beautiful
Whitsunday Islands
Situated in the prestigious Shingley Beach Resort
Established residential base and Whitsunday tourism hotspot
Security bond equivalent to 6 months rent plus GST
Tenant pays water and trade waste expenses as per lease
Fixed 3% increases for the second term
Net Income: $56,752 pa + GST
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Building Area
496 SQM