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51 Upton Street, Bundall, Qld 4217

51 Upton Street, Bundall, Qld 4217

Showrooms/Bulky Goods

  • Sold Contact Agent
  • Mon 28-Oct-19

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
  • Dec 17, 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 For Sale. 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

For more information contact Colliers International’s Steven King on 0417 789 599.

*approximately.
^please note outlines are indicative only.

51 Upton Street, Bundall, Qld 4217

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