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Freehold Commercial Property For Sale

Queensland, Australia
Asking Price:
Exceptional Investment only $775,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Freehold Commercial Property For Sale Gold Coast

This freestanding, purpose-built aquatic centre is leased to a popular swim school on a long term basis. At a time when good returns on capital invested can be hard to find, here is a unique freehold property for sale offering an ROI in excess of 7%. A Unique Investment Opportunity This freehold property extends over an area of 1,104 m2, plus an access easement. It’s in a central Gold Coast suburb and incorporates a fully developed indoor, all-weather aquatic centre. Its features include:
- A 25 metre heated pool;

- Heated change rooms;

- Baby change facilities;

- Gated play area;

- Raised, gated viewing deck;

- Building area of 645 m2 of brick construction;

- Reception area;

- Retail shop; and

- Pool safe security and gates.

The property is leased on a long-term basis to what is arguably the Gold Coast’s best swim school. And it’s surrounded by growing suburbs housing hundreds of young families. With the ever-increasing awareness of the need for water safety and the ability to swim confidently, this tenant has an assured, sustainable market. The current lease extends until October, 2021 with a ten year option. The current annual net rental is $58,173. And built into the tenancy agreement is an annual rental increment of 2%, keeping up to inflation. Dive In The latest building replacement value for insurance purposes is $1,385,584 so this represents excellent value for money. Call the exclusive broker to learn more. FOR SALE: $775,000 Negotiable ex GST on Going Concern Basis. Click on the LEARN MORE icon below, call the exclusive broker, Derek Wallbridge on ---- --- --- or send an email to [email protected] --------- -------- ----- & ----------

Property Code: 959

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