Massive Price Reduction - Bite Size Investment | Filling returns
1, 11 Bailey Crescent, Southport, QLD 4215
This opportunity is bricks and mortar growth. Make money in your sleep with this set and forget secure investment. Nestled within a prime industrial precinct together with a highly visible corner location, the hot food, snacks & takeaway tenant will always have a captive market from the surrounding industry.
Key points of the opportunity:-
* Tenanted income from a prominent hot food, snack bar and takeaway shop
* Located in a high traffic Bailey Crescent, Southport, a prime industrial precinct of the Gold Coast
* $17,000 p.a. net rent
* Outgoings costs are 100% recovered from the tenant
* Body corp levies $546.42* per quarter
* Council general rates $1,918.67* biannually
* Council Water & Sewer rates $752.84* for circa 4 months
* Lease expiry at 1 September 2025 + 3 years option
* Market rent review at start of option
* Proven tenant in situ now for 4 years (from lease commencement)
* Internal and alfresco dining + a large commercial kitchen
* Ideal for growth in your superfund
The seller is committed and ready to make a deal. Time is of the essence, and this property is bound to be snatched up quickly. Don't let this opportunity slip through your fingers, take action now.
Please contact the agent to discuss 1/11 Bailey Crescent in further detail and arrange your time to view the premises.
*Approx.
Disclaimer: Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is ass...