High Profile Tenanted Investment Returning 8%, Brand New 5 Year Lease | Coolum Beach
Type: FOR SALE
- Category :
- Building Area: 267
- Tenancy: Tenanted
***PRICE REDUCED TO REFLECT 8% YIELD - SELLER MOTIVATED!!**
Emily Pendleton of Ray White Commercial Northern Corridor Group is pleased to present Lot 3, 1740-1744 David Low Way, Coolum Beach as a tenanted investment for sale by Private Treaty.
The property is situated within a high profile, beautifully presented resort on Coolum Beach front called Clubb Coolum Beach which boasts very good online reviews with 5 stars. The resort is home to 65 self catering apartments over 11 storeys of luxury accommodation and the restaurant for sale (Lot 3) is tenanted to Bombay Bliss who have occupied the restaurant since early 2015 and also have 5 start review online. The resort is located immediately opposite the very popular and safe lifesaver-patrolled beach, and just a few steps to the best dining and shopping in Coolum on the Sunshine Coast.
Tenant: Bombay Bliss
Operational: 4 years in this location
Lease Commencement: 1 Jan 2015
Lease Expiry: 31 December 2023
Option: 1 x 3 years
Current Net Rent: $81,091.58
Outgoings: 100% paid by the tenant
This property is being sold by the way of Private Treaty for $1,060,000.
For further information or to arrange an inspection please contact Exclusive Marketing Agent Emily Pendleton on 0402 435 446.