Description
Medical & Essential Service Investment - Rare & Secure 17+7 Year Lease to 2041
Retail Sold - Mooloolaba QLD
+ Secure 17 year lease to 2034 plus 1 x 7 year option to 2041
+ Long standing tenants: Mooloolaba Beach Pharmacy (95% income) and Osteopath
+ Prime, high exposure position on Mooloolaba’s glamorous beachfront esplanade
+ Centrally located amidst high density multi-storey beachfront tourism precinct
+ Highly successful business, operating for 50+ years
+ Refurbished building with tenant occupying entire ground floor comprising 401* sqm
+ Attractive fixed 4% annual rent increases
+ Tenants pay all usual outgoings as per the lease
+ The Sunshine Coast economy has doubled over last decade to over $10 billion, with a population of 350,000+ and set to surpass 470,000* by 2036
+ Net Income: $389,839 pa + GST (as at December 2020)
Auction: Commencing 11am Wednesday 23 September 2020
Venue: Auctionworks, 50 Margaret Street, Sydney (interstate bidding options available on the day)
*Approximate
Property Features
- Retail
- Land is 401 m²
- Floor Area is 401 m²
Commercial Features
Highlight 1
Attractive fixed 4% rent increases
Highlight 2
High exposure to pedestrian traffic
Highlight 3
Pharmacy established over 50 years
