Location:

2/30 , Minchinton Street, CALOUNDRA, QLD

Price:

$370,000

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Long Term, High Profile Tenanted Investment in Minchinton Street, Caloundra | For Sale

Type: FOR SALE

Property Features
  • Category : Retail
  • Building Area: 61
  • Tenancy: Vacant

Property Description
Emily Pendleton of Ray White Commercial Northern Corridor Group is pleased to present Lot 2, 30 Minchinton Street, Caloundra as a tenanted investment for sale via Private Treaty.

The property is situated within a high profile, beautifully presented building with an arcade leading from Minchinton Street to Bulcock Street just footsteps from the beach. The premises forms part of the regions key retail centre and apartment building being the Centrepoint Arcade and the Centrepoint Apartments Caloundra.

Tenant: Crumbz Cafe
Operational: 4 years in this location
Lease Commencement: 1/12/2016
Lease Expiry: 30/11/2021
Option: 1 x 5 years
Increases: Fixed 4% increases each year
Current Gross Rent: $33,745.92
Outgoings: Paid by Lessor ($9,080.35)
Current Net Rent (after outgoings): $24,665.57

This property is being sold by the way of Private Treaty with Offers Over $350,000.

For further information or to arrange an inspection please contact Exclusive Marketing Agent Emily Pendleton on 0402 435 446.
Property Agent

Advert Id:68163

Name:Emily Pendleton

Phone: 1300 2****

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