A HIGH-profile retail funding has grow to be obtainable in one of many Sunshine Coast’s most sought-after precincts.
Heaps 5 and 6, 13 Mooloolaba Esplanade have inbuilt progress and are being supplied on the market by way of expressions of curiosity by Savills on behalf of the Vendor.
Savills brokers Peter Capps and Michael Harcourt are advertising the property, with established tenant Faucets Mooloolaba at present secured on a seven-year lease to August 2025, paying $158,280 every year web plus GST.
“Faucets Australia have been in occupation since 2013, and have confirmed to be a profitable tenant,” Mr Capps mentioned.
“The property provides nice revenue potential to an incoming purchaser, with the choice to increase the lease for an additional 7 years, bringing the contract to 2032.”
The chance comes with inbuilt revenue progress, with the web lease that includes an annual rental improve of 4 per cent.
The tenant at present operates underneath a singular liquor licence, which is transferable to the brand new proprietor.
This licence permits the tenant to function from 10am-1am from Monday-Sunday.
The property is prominently situated within the coronary heart of the Mooloolaba eating precinct, on the bottom flooring of the Peninsular Beachfront Resort complicated.
“The Sunshine Coast is earmarked as one of many quickest rising financial areas within the state,” Mr Capps mentioned.
“The property is ideally situated to reap the advantages from locals and vacationer throughout this progress interval.”
Expressions of Curiosity shut at 2pm on Wednesday, March 6.