Prime Cafe/Restaurant Investment – Multi-National Hotel Group Guaranteed Lease

Lot 98/55 River Street, Mackay QLD

Description

7 year lease until September 2021 + options to 2039
Prime corner exposure within The Oaks Rivermarque Mackay Hotel
Guaranteed by Oaks Australia with a 25 year lease including options
Oaks Hotels and Resorts is one of Australasia’s largest apartment providers, managing a portfolio across five countries including Australia, New Zealand, Thailand, the United Arab Emirates and India
Building area 169 sqm
1 car parking space under 25 year license agreement
Tenants pays all outgoings, as per lease
Annual CPI rent reviews
Net Income: $72,000 pa + GST

For Sale via Offers to Purchase

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Leisure/Hospitality
Land Size
169 SQM
Gross Building Area
169 SQM

Contact Agents

Glenn Conridge

0413 873 337

Rhys Parker

0451 101 042

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