NOBBYS BEACHSIDE FREEHOLD - Secure Long Lease - $291,200 p.a. Net Income
High Profile Hospitality Venue
Tenant: Justin Lane Pty Ltd
Net Income of: $291,200 p.a.* + GST
Anchored by a long term lease to the established operator Justin Lane Pty Ltd on a 5 + 5 + 5 + 5 lease term, this outstanding high profile freehold building offers a long term passive income stream secured by a proven tenant with multiple venues.
Positioned prominently within arguably one of the Gold Coast's most vibrant beachside hubs, this is your opportunity to secure a quality commercial building in a brilliant position.
Features include: - New 5 + 5 + 5 + 5 year lease to Justin Lane Pty Ltd trading as 'Miss Mee' - Exceptional as-new modern building, with recent significant tenant refurbishment upgrades - Net Income of $291,200 p.a.* + GST - 4% annual increases - High profile tenant, quality proven operator - Lease commenced 19th November 2019 - 690sqm* lettable area - 435sqm* land area - Positioned beachside within the vibrant Nobby's Beach retail precinct - Conservative rent at $422/sqm, well below neighbouring lease rates - Premium long term investment opportunity with future rental upside potential - Trophy building securely leased by a proven operator with adequate security in place
For more information contact Colliers Internationals Steven King on 0417 789 599.
*approximately. ^please note outlines are indicative only.
