Retail Sold - MOOLOOLABA QLD
Medical & Essential Service Investment - Rare & Secure 17+7 Year Lease to 2041
Sold
Retail Sold - MOOLOOLABA QLD

9-12/77 Mooloolaba Esplanade, MOOLOOLABA QLD 4557

Sold
Medical & Essential Service Investment - Rare & Secure 17+7 Year Lease to 2041
9-12/77 Mooloolaba Esplanade, MOOLOOLABA QLD 4557
Property Features
  • Retail
  • Land is 401 m²
  • Floor Area is 401 m²

Description

Sold
Retail
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

Pat Kelly
+61 0412244456
07 3145 1201
Glenn Conridge
0413 873 337

Agent iNFORMATION

Pat Kelly
Mobile +61 0412244456
Office 07 3145 1201
Glenn Conridge
Mobile 0413 873 337

Make an Enquiry

07 3220 3611

Level 24, 324 Queen Street
Brisbane Qld 4000

Other Properties

Make an Enquiry

07 3220 3611

Level 24, 324 Queen Street Brisbane Qld 4000