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High Profile Teneriffe Retail Investment

36i Vernon Terrace, TENERIFFE QLD, 4005

Sold

Property Sold in 36i Vernon Terrace, TENERIFFE QLD, 4005

Ray White Commercial Qld

Level 26, 111 Eagle Street (GPO Box 2433), Brisbane, QLD 4001

Listing ID:
11356089
Status:
Sold
Price:
SOLD!
Last Updated:
10/09/2019
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Property Type

Retail
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Land Area

215 SQM
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Floor Area

215 SQM
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Parking

1

High Profile Teneriffe Retail Investment

36i Vernon Terrace represents the opportunity to acquire a truly unique retail investment within the London Woolstore. This high profile asset is located on the most prominent corner of Teneriffe, Queensland's most affluent suburb.

Of the 6,015 suburbs in Queensland, Teneriffe is the most desired suburb to live, and was Queensland's first and only $2,000,000* median priced suburb. Only 9 months later, Teneriffe recorded an impressive median increase to $2,585,000^.

Key Investment Attributes:
• High performing tenant Streetcorner Jimmy, recently funded the internal refurbishment
• 5 year net lease to 30 April 2023 + options to 2034
• 140 seat (215m2**) restaurant/bar and one secure car park
• Tenant pays outgoings (including management fees)
• Affluent precinct with household income levels 77% above the QLD average^^
• Fixed 4% annual increases for initial 5 year lease and all options
• Secure monthly income stream underpinned by 4 month security bond and personal guarantee
• Net income of $98,800* + GST pa

*Approximately
**Estimate only
^^Location IQ

For more details, please email agent


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Ray White Commercial Qld

Level 26, 111 Eagle Street (GPO Box 2433), Brisbane, QLD 4001


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