Outstanding fully leased large format retail investment with massive exposure to Kawana Way with three separate national tenants for a spread risk with a long WALE and attractive annual increases!
The freestanding building is located in a larger complex of 5 strata buildings with a large central customer car park. The complex is fully occupied and features a total of 18 tenancies with a complimentary mix of retailers, cafes, fitness operators, recreational facilities and wellness services.
Asset Features:
~ Massive exposure on the corner of Kawana Way and Capital Place to thousands of cars daily as well as high volumes of foot traffic to the complex
~ Net annual income of $278,840* plus GST and Outgoings after non recoverable outgoings
~ National tenants include Totally Workwear, Jetts Fitness and Fire Fit
~ A long WALE across the tenancies providing confidence for an extended length of income
~ Consistent fixed annual increases at 3% and 4% with market reviews at the options
~ Last opportunity to secure a quality asset in this complex from the original owners.
~ High quality finish which was developed, constructed, owned and managed by Pellicano
~ Total building area of 1,137sqm*
~ Birtinya is considered one of the most central locations to the entire Sunshine Coast with a high volume of new residential construction surrounding the region
For further details or to arrange an inspection please contact exclusive agents Matt Marenko or Jack McCormack
*Approx
**Outline Indicative only