Freehold Commercial Property For Sale in Queensland, Australia

3 days ago

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Internal Ref: b20045136

Summary

This freestanding, purpose-built aquatic centre is leased to a popular swim school on a long term basis.

About the Business

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 in a landscaped setting. 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 $57,033. 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.

Best be quick and dive in while you can. Call the exclusive broker to learn more.



FOR SALE: $775,000 Negotiable ex GST on Going Concern Basis.



Call the exclusive broker, Derek Wallbridge on 0418 845 188

or send an email to djw@benchmarkbusiness.com.au

Benchmark Business Sales & Valuations

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