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10 Year Lease To Long Standing Pharmacy

Grnd Floor/77 Mooloolaba Esplanade, MOOLOOLABA QLD, 4557

For Sale

Property for Sale in Grnd Floor/77 Mooloolaba Esplanade, MOOLOOLABA QLD, 4557

Ray White Commercial Noosa & Sunshine Coast North

Suite 204, 90 Goodchap Street, Noosaville, QLD 4566

Listing ID:
11357038
Status:
Active
For:
Sale
Price:
Price Upon Application
Last Updated:
19/11/2019
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Property Type

Retail/Medical/Consulting
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Land Area

N/A
Icon size

Floor Area

58 - 401 SQM
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Parking

N/A

10 Year Lease To Long Standing Pharmacy

Prime retail investment with long leases and the security of having the only pharmacy on the tightly held retail strip of Mooloolaba Esplanade. In addition, the asset on offer includes an osteopathy and massage clinic.

+ Mooloolaba Beach Pharmacy has been on the Esplanade since the 1950's

+ Multi-tenanted investment which provides for a reduced risk profile

+ Attractive 10 year lease terms until 2027 and 4% annual increases

+ Entire ground floor of 401sq m² (approx)

+ 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 to the entire building including the external façade and paving

+ Net income circa: $388,294* per annum

Lease Highlights

Lots 9, 10 and 11 - To the iconic Mooloolaba Beach Pharmacy
+ Rent - $367,744(approx) plus GST and Outgoings at settlement
+ Term - 10 years from 8/12/17
+ Options - 7 years extending to December 2034!!
+ Annual Increases - 4%
+ Bank Guarantee - $144,829

Lots 12 - Mooloolaba Osteopathy and Massage Clinic
+ Rent - $20,550 (approx) plus GST and Outgoings at settlement
+ Term - 5 years from 9/12/16
+ Options - 5 years extending to December 2026
+ Annual Increases - 4%
+ Bank Guarantee - $5,225 plus directors guarantees

Information Memorandum and associated documentation are available from the exclusive marketing agents.

For more details, please email agent

Ray White Commercial Noosa & Sunshine Coast North

Suite 204, 90 Goodchap Street, Noosaville, QLD 4566


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