51-55 Aerodrome Road, MAROOCHYDORE QLD 4558
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- Development / Land, Retail, Showrooms / Bulky Goods, Other
- Floor area:
- 15 x Onsite parking
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- 16 Sep 2016
High performing main road 7-Eleven service centre with redevelopment potential
• High performing main road service centre tenanted by 7-Eleven and long-standing local mechanic, Auto Leaders
• Situated on a 2,360sqm site only 400 metres from the beach, with 35m of frontage to Aerodrome road, Maroochydore’s main arterial.
• Net lease structure (excl. land tax) with fixed annual rental increases
• 7-Eleven responsible for all capital expenditure relating to fuel tank maintenance & site remediation
• Underlying land zoned “Principal Centre” allowing for major re-development with a building height up to 16m, providing further flexibility upon lease expiry (STCA)
• WALE OF 5.93 years by income with 4% fixed reviews for 7-Eleven (underpinning 78% of the income)
• Net income $486,265p.a.
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
51-55 Aerodrome Road MAROOCHYDORE