Tony Grbcic and Adam Grbcic, at Kollosche Commercial, are proud to present to the market the ideal investment opportunity situated at 73 Currumbin Creek Road, Currumbin Waters QLD 4223 ("The Property"), to be sold via Public Auction Thursday 6 April at 2pm.
The Property is ideally located in the Currumbin industrial and showroom precinct. Currumbin Creek Road is the major connection road between the M1 Pacific Motorway and Southern Gold Coast suburbs. The Precinct offers a wide range of national and well known local businesses.
The Property offers the following key attributes:
- Land: 809m2*
- Building area: 407m2*
- 2 Level building which offers a ground floor showroom, office and workshop & first floor offering a separate and independent residential unit
- Zoning: Low Impact Industry
- 2 Tenancies (Tyre Power & Residential Unit)
- Combined Net Income: $84.736 + GST
The major tenant in this freehold offering is well known and well-established workshop, Tyrepower, which provides:
- 5-year lease expiring on 13.01.2024
- 2 x 5-year options
- Annual Increases of 3% per annum
- Passing rental of $70,232 + GST + 100% outgoings
The residential dwelling on the first level has a short-term residential tenant:
- Current passing rental: $21,840 (Inc GST)
The Property already ticks all investment criteria for a long term, strong covenants and well positioned asset. However the property also has short term upside potential with the current passing rentals below market rates.
The Property will be sold via a Public Auction In-rooms at Kollosche HQ (2/19 Elizabeth Avenue. Broadbeach) Thursday 6 April at 2pm.
For all enquiries contact the exclusive marketing agents Adam or Tony Grbcic from Kollosche Commercial.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Remember to mention you found this property on CommercialReady
