LEASED RETAIL INVESTMENT ON MOOLOOLABA BEACHFRONT
Shop 5, 121 Mooloolaba Esplanade, Mooloolaba, QLD 4557
CBRE take pleasure in offering this prime Mooloolaba beachfront retail investment property, with a long term lease to well known, longstanding licensed cafe/restaurant, Karma Waters.
~ 60sqm* retail shop + 59sqm** of covered outdoor dining
~ New 5 year lease expiring July 2022
~ Lease options through until July 2037
~ Annual rental of $120,000 per annum plus GST
~ Tenant pays all outgoings, except sinking fund
~ Secured with Bank Guarantee and Director’s Guarantee’s
~ Business has successfully traded here for 11 years
Offers to Purchase through the Exclusive agent Ryan Parry of CBRE 0419 675 758
*Approx.
**A portion of this area is licensed footpath dining