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Rare Oceanfront Investment - National Tenant

171 Redcliffe Parade, REDCLIFFE QLD, 4020

Sold

Property Sold in 171 Redcliffe Parade, REDCLIFFE QLD, 4020

Burgess Rawson (QLD) Pty Ltd

Level 24, 324 Queen Street, Brisbane, QLD 4000

Listing ID:
11306060
Status:
Sold
Price:
Price on Request
Last Updated:
12/10/2018
Icon building

Property Type

Retail
Icon square

Land Area

405 SQM
Icon size

Floor Area

332 SQM
Icon parking

Parking

N/A

Rare Oceanfront Investment - National Tenant

7 year lease to 2020 plus 7 year option to 2027
Direct lease to The Coffee Club (Properties) Pty Ltd
The Coffee Club: established 1989 and currently operating 400 stores in 9 countries
Oceanfront reserve freehold property overlooking Redcliffe Pier
Long term redevelopment potential to 12 storeys (STCA)
Large 332 sqm premises on 405 sqm land – plus exclusive use of street front alfresco dining area
Rear lane entry accessing parking for up to 6 vehicles
Stunning views to Moreton Island
High traffic Brisbane seaside tourism precinct
Neighbouring tenants include Chemist Warehouse, Vast Interiors, Subway, Banjo's and others
Tenant pays all outgoings as per lease
Easily managed single tenant investment
Valuable 3% per annum rental increases
Net Income: $156,088.88 p.a. as at 1 Sept. 2018 (Excl. GST & Incl. Land Tax)

Auction to be held on Tuesday 31 July 2018 at 11am AEST
Venue: Doltone House, Hyde Park - 181 Elizabeth Street, Sydney

For more details, please email agent

Burgess Rawson (QLD) Pty Ltd

Level 24, 324 Queen Street, Brisbane, QLD 4000


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