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.
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