87 Griffith Street, COOLANGATTA QLD 4225
OUTSTANDING MULTI-TENANTED RETAIL / OFFICE INVESTMENT
This fully leased investment is the show piece of the 'Coolangatta Arcade', positioned front and centre this property enjoys double street frontage and demands high exposure.
The investment is secured by 4 long term leases, the anchor tenant Montezuma's have been in this shop for 20 years and occupy the retail component. The commercial component is split into 3 separate office suites which are leased to long term established businesses, and enjoy abundant natural light and excellent presentation.
INVESTMENT DETAIL:
- 4 Long term leases (brand new 5 + 5 year lease to anchor tenant)
- Fixed annual increases for all leases .
- Net return $117,407 per annum + GST
- Outgoings paid by lessee
FEATURES:
- Prime corner double street frontage to Griffith Street & Warner Street.
- Diverse investment offering multiple income streams.
- Two commercial classifications in one investment (Retail & Office)
- Low maintenance, easy to manage investment.
- 100% fully leased.
- Total floor area 336sqm approx (168sqm ground, 168sqm first)
PRICE: $1,550,000 - representing 7.6% net return.
For more information contact exclusive selling agents Towers Francis Property.
The investment is secured by 4 long term leases, the anchor tenant Montezuma's have been in this shop for 20 years and occupy the retail component. The commercial component is split into 3 separate office suites which are leased to long term established businesses, and enjoy abundant natural light and excellent presentation.
INVESTMENT DETAIL:
- 4 Long term leases (brand new 5 + 5 year lease to anchor tenant)
- Fixed annual increases for all leases .
- Net return $117,407 per annum + GST
- Outgoings paid by lessee
FEATURES:
- Prime corner double street frontage to Griffith Street & Warner Street.
- Diverse investment offering multiple income streams.
- Two commercial classifications in one investment (Retail & Office)
- Low maintenance, easy to manage investment.
- 100% fully leased.
- Total floor area 336sqm approx (168sqm ground, 168sqm first)
PRICE: $1,550,000 - representing 7.6% net return.
For more information contact exclusive selling agents Towers Francis Property.