36i Vernon Terrace Teneriffe QLD 4005
- Shop & Retail
- 215 m²
High Profile Teneriffe Retail Investment
36i Vernon Terrace represents the opportunity to acquire a truly unique retail investment within the London Woolstore. This high profile asset is located on the most prominent corner of Teneriffe, Queensland's most affluent suburb.
Of the 6,015 suburbs in Queensland, Teneriffe is the most desired suburb to live, and was Queensland's first and only $2,000,000* median priced suburb. Only 9 months later, Teneriffe recorded an impressive median increase to $2,585,000^.
Key Investment Attributes:
• High performing tenant Streetcorner Jimmy, recently funded the internal refurbishment
• 5 year net lease to 30 April 2023 + options to 2034
• 140 seat (215m2**) restaurant/bar and one secure car park
• Tenant pays outgoings (including management fees)
• Affluent precinct with household income levels 77% above the QLD average^^
• Fixed 4% annual increases for initial 5 year lease and all options
• Secure monthly income stream underpinned by 4 month security bond and personal guarantee
• Net income of $98,800* + GST pa