Emily Pendleton of Ray White Commercial North Coast Central is pleased to present 9/188-192 Alexandra Parade, Alexandra Headlands as a tenanted investment for sale via Private Treaty.
The property is situated on the corner of Alexandra Parade and Mary Street with strong visibility in a well-established commercial and residential precinct. The premises forms part of the 4 star Grand Palais beachfront resort in the regions key retail centre with the likes of the Alexandra Headlands Surf Club, Alex Beach Resort and number of eateries and fashion destinations. The property is located directly opposite the beach and boasts excellent signage opportunities and ample walk-by/drive-by traffic which is why the property has been home to the surf shop for over 12 years.
Tenant: Alex Surf Shop
Operational: Current owner has 12 years in this location, has been a surf shop since 1980's
Lease Commencement: 1/3/2019
Lease Expiry: 1/3/2022
Option: 2 x 3 years
Increases: Fixed 3% increases each year
Current Net Rent: $60,000 per annum
Outgoings: 100% paid by the tenant
The property is for sale via Private Treaty for $950,000. There is no GST applicable to the sale as it will be sold as a going concern with the lease in place.
For further information or to arrange an inspection please contact Exclusive Marketing Agent Emily Pendleton.
For more details, please email agent