Description
High Profile Fully Leased Investment Adjoining Woolworths and Coles
Retail Sold - Morayfield QLD
+ Fully leased to national tenants Hog’s Breath Café and Baskin & Robbins on 10 year leases and Queensland chain operators Café 63 (5 years) & Master Noodle (6 years).
+ Fixed 3% & 3.5% rent increases.
+ Superb location seamlessly adjoining Hungry Jacks, Westpac Bank and Morayfield Shopping Centre anchored by Woolworths & Coles, with 6.2 million visitors annually.
+ Significant 4,047 sqm freehold site with 3 street frontages and 55 on-site car spaces.
+ 33,000 vehicles passing daily.
+ Morayfield: 40km from Brisbane CBD, part of Moreton Bay forecast population growth of 50% to 690,000 by 2041.
+ Net Income: $388,718 pa + GST
Investment Portfolio Auction 11am AEST Wednesday 12 May
Crown Casino, Melbourne, VIC
Property Features
- Retail
- Land is 4,047 m²
Commercial Features
Highlight 1
4,047sqm site adjoins Hungry Jack's
Highlight 2
Neighbours Morayfield Shopping Centre
Highlight 3
Fixed 3% & 3.5% annual rent increases
