Portfolio Auction 124
11am AEDT Tuesday 23 October 2018, Sydney
New 10 year lease until July 2028 + options to 2038
Long established pharmacy at this location circa 37 years
Captive local market with currently no competition in South Lismore
Modern freehold retail building constructed 2005
Large 808 sqm site with on-site parking
Fixed 3% annual increases – assuring future rental growth
Lessee pays all usual outgoings incl. council/water rates, land tax & ins.
Lismore: commercial centre of the Northern Rivers region with a population of 296,513 with strong growth forecast
Near tourism hot spots of Byron Bay & Gold Coast and 2 hrs. south of Brisbane
Net Income: $89,400 pa + GST