1/3 Twenty Third Avenue Palm Beach QLD 4221

+ Essential service underpinned tenant in brand new facility
+ Brand new 10yr lease with 1x 10-year option
+ 148sqm ground floor retail tenancy under 9 storey residential tower
+ Prime location with frontage to Gold Coast Highway on signalised intersection
+ Tenant pays all outgoings (excl. Land tax) with 2.5% fixed annual rent reviews
+ Chempro Chemists national operator with over 106 sites across Australia
+ Gold Coast: undergoing explosive growth population is expected to grow 36% to 820,000 by 2035
+ 4 dedicated car parks on title
+ Palm Beach significant trade area growth through increased high density residential development in the immediate surrounding area
+ Substantial first year depreciation on offer
+ Net income of $73,073 per annum

For Sale by Investment Portfolio Auction
11am (Brisbane Time) Wednesday 10 November 2021