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171 Redcliffe Parade Redcliffe, QLD 4020

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171 Redcliffe Parade,
Redcliffe, QLD 4020

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Rare Oceanfront Investment - National Tenant

  • Multi-Storey Redevelopment Zoning
  • Absolute Ocean Front Location
  • National Tenant
7 year lease to 2020 plus 7 year option to 2027
Direct lease to The Coffee Club (Properties) Pty Ltd
The Coffee Club: established 1989 and currently operating 400 stores in 9 countries
Oceanfront reserve freehold property overlooking Redcliffe Pier
Long term redevelopment potential to 12 storeys (STCA)
Large 332 sqm premises on 405 sqm land – plus exclusive use of street front alfresco dining area
Rear lane entry accessing parking for up to 6 vehicles
Stunning views to Moreton Island
High traffic Brisbane seaside tourism precinct
Neighbouring tenants include Chemist Warehouse, Vast Interiors, Subway, Banjo's and others
Tenant pays all outgoings as per lease
Easily managed single tenant investment
Valuable 3% per annum rental increases
Net Income: $156,088.88 p.a. as at 1 Sept. 2018 (Excl. GST & Incl. Land Tax)

Auction to be held on Tuesday 31 July 2018 at 11am AEST
Venue: Doltone House, Hyde Park - 181 Elizabeth Street, Sydney

Property ID: 502867550Last Updated: 20 May 2021

04122444...
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171 Redcliffe Parade
Redcliffe, QLD 4020
Kelly & Co Property - Brisbane
Level 12, 324 Queen Street
BRISBANE CITY, QLD 4000

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