Offers Over $1,000,000 | Unique Entry-Level CBD Asset Leased to Long-Term Operator
Description
Burgess Rawson from CBRE and CBRE are pleased to present an exciting entry-level opportunity located at 3/82 Monkland Street Gympie QLD 4570 for sale via Immediate Offers to Purchase. Offers Over $1,000,000.
The opportunity has the following key investment highlights:
+ Five (5) year net lease to Gympie Cinemas through to December 2028, with one (1) further five (5) year option to 2033
+ Gympie Cinemas: privately owned cinema with a successful 30+ year trading history and seating capacity for up to 300 patrons
+ Enjoys market exclusivity as Gympie’s only cinema, with no competing developments approved or proposed
+ Landlord favourable lease terms, with tenant responsible for outgoings as per lease
+ Attractive 2% annual increases, ensuring continued rental growth
+ High-profile 608sqm* tenancy situated within a quality strata-titled office and medical building
+ Professional cinema fit-out including foyer and candy bar, two fully equipped viewing theatres, projection rooms, staff facilities, and toilet amenities
+ Perfectly positioned within the Gympie CBD and located directly opposite Goldfields Plaza, anchored by Coles, K Hub and 18 specialty retailers
+ Gympie: situated in the heart of the Wide Bay Burnett Region, a key growth corridor of Queensland, experiencing rapid residential population growth that now exceeds 317,000*
+ Net Income: $84,940 pa* + GST
Offers Over $1,000,000.
For Sale via Immediate Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
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Gympie, QLD
3/ 82 Monkland Street
- Sold Price: Contact Agent
This property was sold as part of Portfolio 179