High Profile ASX Listed Leased Investment - Booming Location
10 year lease to 2028 + opts
Fixed 3% annual increases
Net Income $437,341 pa
Cushman & Wakefield is pleased to present to the market 45 Caloundra Road, Caloundra (Sunshine Coast) for Sale via Offers to Purchase.
The property has the following key characteristics:
- 10 year lease to 2028 + options to 2038 - Eagers Automotive Ltd (ASX:APE) - Australias largest automotive retail group across 200+ locations, market cap $2.2 Billion - Prime main road location exposed to 30,000+ vehicles per day with neighbours including Bunnings, BCF, Hungry Jacks, Repco, Bridgestone & 7-Eleven - Modern 1,634 sqm retail showrooms built in 2004 - Favourable large format retail zoning - Specialized Centre Zone - Longstanding & successful automotive retail site offered for first time in 40+ years - Caloundra - Designated Priority Development Area set to welcome 20,000+ new homes by 2050 - Sunshine Coast - Top 10 fastest growing regions in Aus, population forecast to exceed 385,000 by 2026 - Tenant pays all outgoings (incl Land Tax & Mgmt Fees) - Fixed 3% annual rent increases - Net Income $437,341 pa + GST
For more information please contact the exclusive property professionals at Cushman & Wakefield.
