+ Absolute blue-chip location opposite Sunshine Coast’s largest Homemaker Centre (Bunnings, Anaconda, Spotlight etc). Within 1km – Stockland Shopping Centre (anchored by Coles & Aldi), Australia’s largest health precinct including the new State-Of-The-Art Sunshine Coast University Hospital
+ Long term secure leases, WALE of 5.5 years
+ Guaranteed rental growth, fixed compounding 3.5% & 2.0% annual rent increases
+ 100% leased investment, highly successful businesses
+ 99 Bikes: Australia’s #1 local bike store with over 50 stores in Australia and 5 in New Zealand. Proving to be a ‘COVID Proof’ business with sales growth in excess of 200% since March 2020
+ Secure long term 15 year lease to 2026 + option to 2033
+ Alley Oops: State-of-the-art Skate Park facility for all ages with half pipes, foam pit and a café. Extensive tenant fitout
+ Brand new 5.5 year lease to 2026 + option to 2031
+ Tenants pay all usual outgoings
+ Ideal location for these tenants, high exposure and frontage to Kawana Way, over 40,000 vehicles passing daily
+ Modern building of 1,127 sqm, situated in the exceptionally busy retail centre of ‘Capital Place’ – an overall lettable area of 5,967sqm on a prominent site of 1.27ha
+ Kawana/Birtinya: Major growth location, $1.8 billion Sunshine Coast University Hospital, $87 million Stockland Shopping Centre and home to the Sunshine Coast’s largest Homemarker centre. A trade area population of nearly 150,000 and forecast to grow to 182,000 by 2031
+ Combined Net Income: $195,772 pa + GST

To be sold by Burgess Rawson Investment Portfolio Auction:
10:30am AEDT, Wednesday 9 December 2020.

This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes