Shop 49/2 Eighth Avenue Palm Beach QLD 4221
- 49 m²
- For Sale, $399,000 - Net return $23,336 per annum.
PRIME RETAIL INVESTMENT - LEASED TO SALVOS
Prominently positioned in the thriving retail hub of Palm Beach, this 49sqm retail shop is securely leased to 'The Salvation Army' who are longstanding tenants of over 20 years.
Upon inspection you will note 100% occupancy of the retail strip, 300 surrounding car parks and extremely high pedestrian traffic flow.
The retail shopfront presents well and is a favourable and highly sought after location by a multitude of retail tenants.
- 5 years + 5 year option
- Gross rental $28,472 per annum approx.
- Annual rental reviews.
- Lease features include full make good provision.
- 49sqm being 1 of 3 shops leased to 'The Salvation Army'.
- Internal Bathroom facilities.
- Wide shop front.
- Excellent natural light.
- Abundant surrounding car parking at front and rear.
- Quality surrounding tenancy mix.
$399,000 with a net return of $23,336 per annum.
For full details and information memorandum contact exclusive selling agents Towers Francis Property.
|Floor Area||49 m²|
|Land Area||Ask Agent|
|Annual Return||Ask Agent|
|Last updated||19 Jun 2019|