Freehold Commercial Property For Sale

3 days ago

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Summary

This freestanding, purpose-built aquatic centre is leased to a popular swim school on a long term basis. This freehold commercial property extends over an area of 1,104 m2, plus an access easement. Fi

About the Business

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 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. Click on the LEARN MORE icon below, 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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