7 year lease to 2023 plus 5 year option to 2028.
Head lease to The Coffee Club, est. 1989 and operating 400 stores in 9 countries.
Large 138 sqm premises plus exclusive use of alfresco dining area.
Part of the newly built 3,500 sqm Pulse Oceanside Medical complex of medical and specialist accommodation.
Adjacent the new 20 ha multi-$billion Sunshine Coast University Hospital, planned largest in the Southern Hemisphere & employing over 3,600 staff.
High future growth zone – destined for long term success.
Tenant pays all outgoings, as per lease.
Attractive depreciation allowances.
Attractive 4% pa rental increases plus 5% pa turnover rental.
Net Income: $97,064 pa + GST.