Your chance to purchase this long-leased building set in a recreational Pacific Highway enclave supported by a multi screen movie complex, tavern, restaurant, Red Rooster, Hungry Jacks etc. With a lease till July 2019 plus a seven year option, this multi award winning business tenant, Tabatinga, offers a Recreational Centre providing amazing fun for kids and families with their unique indoor attractions and cafÃ©. Kids enjoy playing Glow Mini Golf, Ball Blasting in the Balladium and soft play on the Jungle Jim amongst other activities while the adults enjoy a coffee and a snack. Parties are catered for and each year since 2009, the business has won significant awards from recognised bodies.
The building is approximately 780m2 on land of 3500m2 zoned B6 Enterprise Corridor and has plenty of onsite parking. It is conveniently located almost opposite the large Regional Shopping Centre, Park Beach Plaza and adjacent to Park Beach Home Base containing the likes of Harvey Norman, Freedom, Officeworks, Clark Rubber, Repco, etc.
The current net rent is shows a net return of 7.9% on the asking price of $1,150,000 and will rise to 9.13% in July 2014 with rent increase followed by annual CPI increases.
Contact us for your Information Memorandum and to arrange an inspection.
For more details, please email agent