COOLANGATTA
Shop 2 & 3/118 Griffith Street
LUCKY INVESTMENT PRIME LOCATION
Here on offer two strata shops currently leased to one tenant, located with prime retail position under the Beach Comber Resort Central, Coolangatta.
FEATURES:
- Excellent tenant 'Lucky 7 Convenience Store'
- Located in the central hub of Griffith Street
- Excellent surrounding tenancy mix
- Easy asset management
- Huge upside for income growth tenant paying only $340 PSM GROSS,
well under market rent
- Low maintenance investment
- Future potential to lease as two shops
LEASE:
- Currently leased at $26K GROSS per annum
- Lease expires 31/12/2015, market review at this option
This investment would suit astute small investor seeking prime retail space with superior long term gain and existing cash flow.
PRICE: $350,000
FEATURES:
- Excellent tenant 'Lucky 7 Convenience Store'
- Located in the central hub of Griffith Street
- Excellent surrounding tenancy mix
- Easy asset management
- Huge upside for income growth tenant paying only $340 PSM GROSS,
well under market rent
- Low maintenance investment
- Future potential to lease as two shops
LEASE:
- Currently leased at $26K GROSS per annum
- Lease expires 31/12/2015, market review at this option
This investment would suit astute small investor seeking prime retail space with superior long term gain and existing cash flow.
PRICE: $350,000
