29 Mooloomba Road, POINT LOOKOUT QLD 4183
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- 20 Dec 2016
Mixed Use Strata Shopping Village + Restaurant For Sale
Ray White Commercial Bayside, are pleased to offer to market "The Look Shopping Village", which encompasses 7 Strata Titled Mixed Use Development situated in the Point Lookout Centre Zone. This Island Icon comprises two separate buildings separated by a central parking area.
Each building benefits from large residential unit on the top floor while the Eastern building has 2 shops on the ground floor and the Western building has 3 shops on the ground floor. The Building is strata titled under a Building Units Plan and each unit plan and unit shop has an individual title.
? 7 Strata Titled Mixed Use Shops and Residential Apartment/Units
? 5 Commercial Units ( Shop 5 Can be offered as Vacant Possession or Lease)
? 2 Luxury Residential First Floor Apartments/Units.
? Property Currently has approximately 55% Site Cover therefore has potential for value add opportunity to add additional storeys to both residential apartments
? All shops are leased including the Restaurant, News Agents, Sandwich Bar and massage. Rear Shop occupied by owner for office use, which can be offered as vacant possession or 5 year lease back.
Shop 1 - Look Beach Bar Caf/ 5x5 Year Lease / 160m2
Shop 2 - Point Lookout News / 5x5 Year Lease 80m2
Shop 3 - 2 Dlite Sandwich Bar / 3x3 Year Lease 43m2
Shop 4 - Massage 7 Well Being/ (Month/Month) 43m2
Shop 5 - Vacant (Owners Use Office) 43m2
Luxury Appartments -
Unit 6 - 5 Bedrooms, 2 Bathrooms, Lounge, Dinning and Kitchen
Unit 7 - 3 Bedrooms, Ensuite/Bathroom, Lounge Dinning Room and Kitchen.
? Units have large balconies with expansive Ocean Views
? One of the most unique property locations on the east Coast of Australia.
? North Stradbroke Island has from Point Lookout, views of the ocean, the Whale Watching season, local Dolphins to swim with.
The Business -
? 7 Day per week Trade Summer Months
? 5 Day per week Trade Winter Months
? Break Fast & Lunch Trade Winter Months
? Break fast Lunch and Dinner Trade + Entertainment for the Summer Months
? Sales in excess of $1,200,000 PA
? Fully Fitted Commercial Kitchen
? Long Term Staff in Place
? Fully Managed
To be Sold to new owner assigning the lease or owner occupier with Freehold
Prices Upon Application
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
29 Mooloomba Road POINT LOOKOUT