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Long Term National Tenanted Investment with Brand New Ten Year LeaseProperty ID 1552264Ray White Commercial North Coast Central is proud to present one of the Jewels in the Crown, located at 72 Aerodrome Road, Maroochydore.
- Immaculate building with National Drive-Thru Tenant - SUBWAY
- Existing tenant renewing for another 10 years with 2 x 10 year options
- 721m2 corner block with a building area of 132m2
- Positioned on the major arterial road leading to Sunshine Plaza and the new CBD
- 500m to the beach and 600m to the Ocean Street precinct
- A first class, stand alone drive through location
Tenant: Subway Drive-Thru (Subway Realty Pty Ltd)
Lease Commencement: 01/12/2016
Lease Expiry: 30/11/2026
Term: 10 Years
Option: 2 x 10 Years
Returning: $82,245.60 P/A Net
Outgoings: 100% paid by tenant
Annual Increases: CPI
Market Review: Every 5 years
Expressions of Interest close 5pm, Thursday 17th November, 2016.
Contact Exclusive Marketing Agents for further information.
Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Not Applicable Other Information Council/Shire Sunshine Coast Council Financial Details Rental Income (Weekly) $1,581 * Gross Annual Income $82,437 * Other Costs (Annually) $22,171 * Total Annual Costs $22,171 * Nett Annual Income $60,266 *
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.