Two Prime Beachfront Retail Shops
Lots 1 & 2/430 Esplanade , Torquay QLD
Property Highlights
Foodworks - 10 yr lease to 2029
Subway - 5yr + 5 yr lease
Tenants established over 10 years
Description
+ Foodworks: 10 years to 2029 plus options to 2039
+ Net Income: $113,639 pa + GST
+ Subway: 5 years to 2023 plus options to 2033
+ Net Income: $51,033 pa + GST
+ Both tenants established in this location for over 10 years
+ Fixed 3% annual rent increases
+ Rear access, 37 on-site car spaces
+ Busy retail tourism strip opposite beach
+ Hervey Bay: fastest growing seaside city in regional QLD, 3 hours from Brisbane. Trade catchment 107,000+ and 4.3 million visitors annually
NOTE: Foodworks and Subway to be sold individually
For Sale by Investment Portfolio Auction
11am (AEST) Wednesday 29 September 2021
Venue: Crystalbrook Vincent Hotel, 5 Boundary Street, ‘Howard Smith Wharves’ Brisbane
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Supermarket
Land Size
1,763 SQM
Building Area
493 SQM