Retail Sold - KAWANA QLD
Fully Leased Investment Opposite Bunnings & Anaconda
Sold
Retail Sold - KAWANA QLD

Building 5/10 Capital Place, KAWANA QLD 4575

Sold
Fully Leased Investment Opposite Bunnings & Anaconda
Building 5/10 Capital Place, KAWANA QLD 4575
Property Features
  • Retail
  • Land is 12,700 m²
  • Floor Area is 1,127 m²

Description

Sold
Retail
Description

Fully Leased Investment Opposite Bunnings & Anaconda

Retail Sold - KAWANA QLD

+ Absolute blue-chip location opposite Sunshine Coast’s largest Homemaker Centre (Bunnings, Anaconda, Spotlight etc). Within 1km – Stockland Shopping Centre (anchored by Coles & Aldi), Australia’s largest health precinct including the new State-Of-The-Art Sunshine Coast University Hospital
+ Long term secure leases, WALE of 5.5 years
+ Guaranteed rental growth, fixed compounding 3.5% & 2.0% annual rent increases
+ 100% leased investment, highly successful businesses
+ 99 Bikes: Australia’s #1 local bike store with over 50 stores in Australia and 5 in New Zealand. Proving to be a ‘COVID Proof’ business with sales growth in excess of 200% since March 2020
+ Secure long term 15 year lease to 2026 + option to 2033
+ Alley Oops: State-of-the-art Skate Park facility for all ages with half pipes, foam pit and a café. Extensive tenant fitout
+ Brand new 5.5 year lease to 2026 + option to 2031
+ Ideal location for these tenants, high exposure and frontage to Kawana Way, over 40,000 vehicles passing daily
+ Modern building of 1,127 sqm, situated in the exceptionally busy retail centre of ‘Capital Place’ – an overall lettable area of 5,967sqm on a prominent site of 1.27ha
+ Kawana/Birtinya: Major growth location, $1.8 billion Sunshine Coast University Hospital, $87 million Stockland Shopping Centre and home to the Sunshine Coast’s largest Homemarker centre. Sunshine Coast is set for significant growth over the next 20 years with population forecast to grow by over 32%, from 351,424 to 518,004 by 2041
+ Combined Net Income: $195,772 pa + GST

To be sold by Burgess Rawson Investment Portfolio Auction:
10.30am AEDT, Wednesday 9 December 2020.

This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes

Property Features
  • Retail
  • Land is 12,700 m²
  • Floor Area is 1,127 m²
Commercial Features
Highlight 1

Secure 15 year & new 5.5 year lease

Highlight 2

Fixed 3.5% & 2.0% rent increases

Highlight 3

40,000 cars passing daily

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