5 x 5 YR LEASE TO CHIRN PARK's DAARK ESPRESSO - STRONG NEIGHBOURHOOD INVESTMENT
1 & 2/41 Musgrave Avenue, Labrador, QLD 4215
On behalf of the vendor, Jackson Rameau from Ray White Commercial Gold Coast, has exclusive privilege to present this strong neighbourhood investment.
The combined lots 1 & 2/41 Musgrave Avenue, Labrador, QLD, 4215 is located within the tightly held neighbourhood of Chirn Park which has attracted serious in the last 3-5 years. This property is leased to Daark Espresso who have been operating from the premises for the past 5 years. The existing tenant has amended their lease to another 5 x 5 year lease in place, this a total remaining term of just under 10 years until the final expiry of the 30th of April 2031.
The property has the following key attributes;
- 5 x 5 year lease to Daark Espresso (5% increases)
- Net income of $57,000*p.a. + GST + Outgoings
- Total NLA is 93m2* (Lot 1 39m2* & Lot 2 54m2*)
- Shared complex car parking facility directly beside the premises
For an inspection or any further information, please contact the exclusive marketing agent Jackson Rameau on 0438 451 112.