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Chempro Chemists, 1/3 Twenty Third Avenue, PALM BEACH, QLD, 4221
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Chempro Chemists, 1/3 Twenty Third Avenue, PALM BEACH, QLD, 4221

2. Property Highlights

Trophy Beachside Medical Investment
  • 10 + 10-year lease to 2041
  • Essential service underpinned tenant
  • 4 dedicated carparks on title

+ Essential service underpinned tenant in brand new facility

+ Brand new 10yr lease with 1x 10-year option

+ 148sqm ground floor retail tenancy under 9 storey residential tower

+ Prime location with frontage to Gold Coast Highway on signalised intersection

+ Tenant pays all outgoings (excl. Land tax) with 2.5% fixed annual rent reviews

+ Chempro Chemists – national operator with over 106 sites across Australia

+ Gold Coast: undergoing explosive growth – population is expected to grow 36% to 820,000 by 2035

+ 4 dedicated car parks on title

+ Palm Beach – significant trade area growth through increased high density residential development in the immediate surrounding area

+ Substantial first year depreciation on offer

+ Net income of $73,073 per annum

For Sale by Investment Portfolio Auction

11am (Brisbane Time) Wednesday 10 November 2021

Remember to mention you found this property on CommercialReady.com.au

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Andrew Havig
Andrew Havig
+61 *** *** *** show +61 478 010 990
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304

3. Property Location

Chempro Chemists, 1/3 Twenty Third Avenue, PALM BEACH, QLD, 4221

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4. Due Diligence

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Chempro Chemists, 1/3 Twenty Third Avenue, PALM BEACH, QLD, 4221 Palm Beach
Burgess Rawson - Queensland
Burgess Rawson - Queensland
Level 12, 127 Creek Street, Brisbane City QLD 4000
View Agency Profile
Andrew Havig
Andrew Havig
+61 *** *** *** show +61 478 010 990
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
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