On behalf of the owners, Luxe Commercial are proud to exclusively offer for sale 8 & 9, 1810 David Low Way, Coolum Beach via an 'Expressions of Interest' campaign closing 22 October 2020 at 4.00pm AEST (Unless Sold Prior).
This is a rare opportunity to acquire a premium fully leased retail investment located on the tightly held Coolum Beach Esplanade. Located within walking distance to the Coles anchored Coolum Marketplace, the tenancy is also flanked by the National Australia and Westpac banks. Situated on the ground floor in a newly developed building directly opposite one of the coasts most iconic patrolled beaches, the tenancies offer an impressive 12 metre street frontage to the David Low Way which is the main arterial road connecting Maroochydore and Noosa Heads.
+ Securely leased to the Commonwealth Bank of Australia on an initial seven year term with options until 2034.
+ The investment offers an attractive net lease structure with 3% fixed annual increases and solid security.
+ Two titles providing for both a reduced risk profile and a number of different possibilities in the future.
+ Significant fit out completed by the tenant and the modest rent is well within market rates for comparable properties in the area.
Net Income: $142,585.00 pa
If you're in the market for a commercial investment that ticks all the boxes, including tenant covenant that's second to none, contact us today as opportunities like these don't last long.
Highlights:
* LEASED TO COMMONWEALTH BANK
* 7 YEAR LEASE WITH OPTIONS TO 2034
* ATTRACTIVE LEASE STRUCTURE
