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Secure Investment Circa 7.2% Yield - Established Bar With...

Lot 5 & 6/13 Mooloolaba Esplanade, MOOLOOLABA QLD, 4557

Sold

Property Sold in Lot 5 & 6/13 Mooloolaba Esplanade, MOOLOOLABA QLD, 4557

Ray White Commercial Noosa & Sunshine Coast North

Suite 204, 90 Goodchap Street, Noosaville, QLD 4566

Listing ID:
11371173
Status:
Sold
Price:
Sold
Last Updated:
20/03/2020
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Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

246 SQM
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Parking

N/A

Secure Investment Circa 7.2% Yield - Established Bar With Rare Late Night Liquor License

Exceptional opportunity to acquire a secure investment property to an established tenant operating as a bar and bistro with liquor license from 10am to 1am from Monday to Sunday. There are very few liquor licenses running this late in the Mooloolaba precinct.

This asset provides all aspects astute investors look for including long lease, market rent, strong increases, significant bond, proven tenant, prime location and a point of difference like a late night liquor license.

+ 7 year lease from 1/09/18 with one x 7 year option

+ Current net rental of $166,296 per annum plus GST

+ Annual Increases at 4%

+ 6 month gross bank guarantee at $87,945

+ Leased to Taps Australia Pty Ltd since 2013

+ Prime location in Mooloolaba's retail and tourism precinct

+ Total area of 270sq m including 24sq m (approx) licensed outdoor area

+ Located in the ground floor of the popular Peninsular Beachfront Resort

+ High growth location

Call or email Matt Marenko or Louisa Blennerhassett to inspect the property or find out about other suitable options.

Our team is strategically located in two offices across the Sunshine Coast region and is ready to handle your commercial, industrial and retail property needs today so call or email now.

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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