15,16 &17 Marine Parade, COOLANGATTA QLD 4225
PRIME COOLANGATTA RETAIL INVESTMENT - 7.8% Net Return
This offering presents an excellent opportunity for an astute investor to acquire a high quality retail investment with attractive return on investment.
This property is currently leased by secure long term tenant who operates a well established high end real estate agency and popular home wares and clothing store.
FEATURES:
- 3 Strata retail shops currently configured into one large shop of 101sqm
- Prime location in the heart of Coolangatta Retail Precinct
- Secure lease to proven tenant.
- Located on the ground floor of Coolangatta's premier building Reflections Towers 2 complex
- East asset management
INVESTMENT DETAIL:
- 5 year lease + 2 year option
- Long term tenant has occupied space for 6 years with excellent track record.
- Gross rental $83,524 P.A + GST
- Yearly Outgoings (paid by lessor) $37,647 P.A
- Net return to owner = $45,877 p.a + GST
PRICE:
$585,000 as a going concern
For information memorandum on this quality investment contact exclusive selling agents Towers Francis Property.
This property is currently leased by secure long term tenant who operates a well established high end real estate agency and popular home wares and clothing store.
FEATURES:
- 3 Strata retail shops currently configured into one large shop of 101sqm
- Prime location in the heart of Coolangatta Retail Precinct
- Secure lease to proven tenant.
- Located on the ground floor of Coolangatta's premier building Reflections Towers 2 complex
- East asset management
INVESTMENT DETAIL:
- 5 year lease + 2 year option
- Long term tenant has occupied space for 6 years with excellent track record.
- Gross rental $83,524 P.A + GST
- Yearly Outgoings (paid by lessor) $37,647 P.A
- Net return to owner = $45,877 p.a + GST
PRICE:
$585,000 as a going concern
For information memorandum on this quality investment contact exclusive selling agents Towers Francis Property.
