Cash Converters Hervey Bay, 1/129 Boat Harbour Drive, Urraween, QLD, 4655

Michael Feltoe & Lachlan O'Keeffe are pleased to present for sale 1/129 Boat Harbour Drive, a single-tenanted investment on a recently extended 6 year net lease to Cash Converters Hervey Bay.

|What|

• A single tenanted passive investment leased to an experienced 36-store Cash Converters operator

• Recently extended 6-year net lease to 2029, with the tenant responsible for all outgoings

• Prime positioning in the high-profile Midway Place LFR Centre, with exposure to over 17,400^ vehicles daily and direct access off Boat Harbour Drive.

• Net Income of $103,071 + GST p.a.

|Where|

• High-profile 417sqm* building in the heart of Hervey Bay, the commercial heartland of the Fraser Coast region

• Hervey Bay is the largest city in Queensland's Fraser Coast region, with a population of almost 59,000 people, and is tipped to lead population growth in the region over the next 20 years

• At the heart of the Hervey Bay commercial district, with significant traffic-generating amenities including the Stockland Shopping Centre within 250m*.

|Why|

• An ultra low-maintenance investment, with the tenant responsible for the day-to-day maintenance of the property

• An experienced Cash Converters operator with over 36 stores across Australia

• Fixed 4% rental increases

• ASX-listed Cash Converters are the preeminent personal finance and secondhand retail brand in Australia, with over 150 stores nationwide and over 600 stores worldwide

*Approximate

^Sitewisely

** 2022 Toowoomba Development Status Report

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