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51 Upton Street, Bundall, Qld 4217

51 Upton Street, Bundall, Qld 4217

Showrooms/Bulky Goods

BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT

  • New 7+7+7yr Lease to Hayman’s Electrical
  • $300,000 p.a.* Net Income + GST + Outs
  • 1973sqm* Land Area & 1144sqm* NLA

  • Land Area
  • 1973.00 m² (approx)
  • Floor Area
  • 1,144 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Oct 09, 2019
  • Parking Comments
  • Onsite Parking Available

Additional Details


Interested in this property? Contact an Agent today

Colliers International - Gold Coast

Level 2 Circle on Cavill, 3184 Surfers Paradise Boulevard

Surfers Paradise Qld 4217

Steven King, Colliers International - Gold Coast
Steven King

BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT

Colliers International, as exclusive marketing agents, are thrilled to present 51 Upton Street, Bundall to the market via Public Auction. Anchored by Hayman’s Electrical (ASX: MMF) on a 21-year lease (including options), this outstanding brand new freehold property offers a long term passive investment secured by a high-quality tenant with full depreciation benefit potential.

Features include:
- 7-year lease with 2 x 7-year options
- Tenant: Hayman’s Electrical (ASX: MMF)
- Net income of: $300,000 p.a.* + GST + Outgoings
- Head lease with parent company - Hayman's nationally has 71 branch outlets and parent company has 250
- Initial lease term commenced: 29/07/2019
- 1,144sqm* of NLA positioned on 1,973sqm* of land
- Located within the Gold Coast's best showroom/bulky-goods precinct
- Genuine seller, will be sold

The property is being offered For Sale Via Public Auction on Wednesday 23rd October 2019 at 11.00am.
Auction Location: In-Rooms at Colliers International’s Gold Coast Office
Level 2, Circle on Cavill, 3184 Surfers Paradise Boulevard, Surfers Paradise, QLD 4217

For more information contact Colliers

51 Upton Street, Bundall, Qld 4217

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