6/110 Kortum Drive,
Burleigh Heads, QLD 4220
Warehouse, Factory & Industrial • Shops & Retail • Showrooms & Large Format Retail
Price information
Sold
$2,050,000
Key property information
Floor area
Tenure type
Sold on
Lacey West - Burleigh Heads
5 Park AvenueBURLEIGH HEADS, QLD 4220
6/110 Kortum Drive
Burleigh Heads, QLD 4220
Map of 6/110 Kortum Drive
NATIONAL TENANTED INVESTMENT – 5.5 YEARS REMAINING ON LEASE
- Lease guaranteed by ASX listed company
- Net Income - $113,032p.a + GST*
- Huge exposure in great location
Located within a popular complex and surrounded by strong local and national businesses, this opportunity is a secure investment tenanted by national tenant 99 Bikes.
Tenant Profile: 99 Bikes is a renowned retailer specializing in bicycles, accessories, and services. With a strong presence across Australia, they've built a reputation for quality products and exceptional customer service.
The lease is guaranteed by ASX-listed Flight Centre Australia, providing additional security and assurance for investors.
Property Highlights:
- Current Net Return: $113,032p.a + GST*
- Current Lease Term Expires in September 2029, plus a 7-year option.
- Total gross floor area of 600m2* across two levels.
- High profile location with signage to major arterial road (Reedy Creek Road)
- Foot traffic from other National retailers such as Rebel Sport, Battery World, Carpet Call and Godfreys
- Located in tightly held and well positioned Burleigh Heads Industrial precinct.
Seize this opportunity to invest in a prime commercial property and enjoy the reliability of a reputable tenant with a strong lease agreement guaranteed by Flight Centre Australia.
6/110 Kortum Drive is to be sold via Auction onsite on Wednesday 17th April at 5pm AEST (if not sold prior).
Contact Exclusive Agents Lacey West Commercial for all information or to inspect this investment opportunity!
*approximate
Disclaimer:
Lacey West Commercial makes no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by JBJC Property Pty Ltd trading as Lacey West Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
Tenant Profile: 99 Bikes is a renowned retailer specializing in bicycles, accessories, and services. With a strong presence across Australia, they've built a reputation for quality products and exceptional customer service.
The lease is guaranteed by ASX-listed Flight Centre Australia, providing additional security and assurance for investors.
Property Highlights:
- Current Net Return: $113,032p.a + GST*
- Current Lease Term Expires in September 2029, plus a 7-year option.
- Total gross floor area of 600m2* across two levels.
- High profile location with signage to major arterial road (Reedy Creek Road)
- Foot traffic from other National retailers such as Rebel Sport, Battery World, Carpet Call and Godfreys
- Located in tightly held and well positioned Burleigh Heads Industrial precinct.
Seize this opportunity to invest in a prime commercial property and enjoy the reliability of a reputable tenant with a strong lease agreement guaranteed by Flight Centre Australia.
6/110 Kortum Drive is to be sold via Auction onsite on Wednesday 17th April at 5pm AEST (if not sold prior).
Contact Exclusive Agents Lacey West Commercial for all information or to inspect this investment opportunity!
*approximate
Disclaimer:
Lacey West Commercial makes no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by JBJC Property Pty Ltd trading as Lacey West Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
Property ID: 504542440Last Updated: 26 Jun 2024
Lacey West - Burleigh Heads5 Park Avenue
BURLEIGH HEADS, QLD 4220
BURLEIGH HEADS, QLD 4220
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