Jared Johnson & Lachlan Marshall from Harcourts Coastal Commercial are thrilled to offer to the market this longstanding childcare investment with major upside. 29 Coolibah Street, Southport has enjoyed the same childcare care for over 10 years. The centre offers additional income from 4 retail tenancies that have been highly sought after since the original construction.
Our vendor is extremely motivated and given us clear instructions to have this incredible investment property sold.
- Net income $248,443* p.a. + GST + all outgoings
- New 10 year lease with Little Hands Childcare'
- Substantial land holding of 2,611m²* in central Southport
- Freestanding building NLA 1,519m²*
- 4 mixed use retail tenants
- 70% of outgoings recoverable
- Zoning - Neighbourhood Centre Land
- Prime corner site backing onto a park
- Annual rental increases
- Exceptional re-development potential with strong holding income
- 41 Car parks
- The site takes advantage of the dense residential catchment of Southport. Only minutes from Smith Street with easy access to North and South bound M1 Motorway.
*Approximately
Disclaimer:
Harcourts Coastal Commercial has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Beyond Commercial Pty Ltd trading as Harcourts Coastal Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
