Luxe Commercial & Ray White Commercial Noosa are proud to exclusively present to the market a prime retail investment with pharmacy anchor located on the tightly held retail strip of Mooloolaba Esplanade. The pharmacy has operated on Mooloolaba Esplanade since the 1950's with a current lease until December 2027 and future options until December 2034. Mooloolaba Osteopathy and Massage Clinic occupy the balance with a lease until December 2021 which commenced in 2011 with an option until 2026.
+ Entire ground floor of 401sq m (approx.) is available to purchase individually or in one line
+ Multi-tenanted investment which provides for a reduced risk profile
+ Attractive lease terms with net structure and fixed 4% annual increases
+ 4 separate titles provide the opportunity to split the space in the future
+ Impressive frontage to Mooloolaba Esplanade with high volumes of passing foot traffic
+ Recent upgrade the entire building including the external façade and paving
Net income circa: $373,360.00 pa (approx.)
Expressions of Interest closing 3pm Wednesday 4 September 2019 unless sold prior.
A copy of the detailed Information Memorandum and associated documentation are available to qualified buyers from the exclusive marketing agents.
For more details, please email agent