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Shops 12 / 15 , East Coast Road, POINT LOOKOUT, QLDPrice:
Shop 1 $525,000 Shop 2 $775,000Enquire Now
Type: FOR SALEProperty Features
Ray White Commercial (QLD) and Ray White Commercial Bayside are pleased to exclusively offer Shops 1 2 / 15 East Coast Road, Point Lookout (North Stradbroke Island) QLD for sale individually.
Shops 1 2 / 15 East Coast Road represent the opportunity to acquire one or two entry level beachfront retail investments in Queensland's most tightly held suburb (19.7 year average hold) for residential property^.
Key Investment Attributes:
bull; Shop 1 Bakery - $525,000 (7.42% yield)
bull; Shop 2 Fish Chip - $775,000 (8.16% yield)
bull; 10 year net leases expiring 2023
bull; 67 - 97sqm* tenancies plus al-fresco dining areas
bull; Guaranteed income growth with 4% annual increases
bull; Tenants pay for all outgoings including management fees
bull; Secure income underpinned by 3 month security bonds and personal guarantees
bull; Complimentary tenancy mix ideally positioned in high traffic tourism precinct
bull; Net incomes from $38,933 to $63,266 + GST pa*.
Call Michael Feltoe or Nathan Moore to arrange access to additional information, the contract of sale or to organise an inspection.
Name: Michael Feltoe
Phone: 0447 7 ****