Sheldon Paris of Raine & Horne Elite is proud to introduce to the market 383 Nerang Road, Molendinar.
Situated on a large top notch corner block spanning 3,565m², this amazing property is a recently constructed mixed-use development featuring a food and beverage establishment and a service station (BP) . These two entities are interconnected, sharing parking, maneuvering, and servicing facilities. The service station comprises a retail outlet, a canopy, and four designated fuel dispensers, while the fast-food outlet (Carls JR) includes a convenient drive-through situated on its northern aspect of the site.
Positioned strategically amongst other ASX listed businesses, numerous schools, large residential subdivisions, shopping centres and at the intersection of Southport-Nerang Road and Industrial Avenue, this asset offers exceptional visibility and access to everything from small vehicles to semi-trailer road trains . With an estimated daily traffic volume of 35,000 vehicles, it presents a lucrative opportunity for businesses to thrive. With the Olympics only 8 years away coupled with monumental interstate and international migration, it will continue to only ramp up with great holding income and massive potential capital growth for the years to come for the new purchaser.
Property Highlights:
• Net Income: $525,905.29* p.a + GST + Outgoings.
• Ten (10) year net lease to 2031 to BP Australia, plus four (4) by five (5) year options to 2051.
• Fifteen (15) year net lease to 2036 to Carl's Jnr, plus three (3) by five (5) year options to 2051.
• Guaranteed income growth with attractive annual fixed rental increases of 3% and 3.25%.
• Tenants are responsible for all standard outgoings, excluding land tax and management fee.
• The property is fully connected to essential services, including reticulated water, stormwater drainage, sewerage, electricity, gas, and communication networks.
Location:
• Strategically located in one of the Gold Coast's most tightly held growth precinct's Molendinar.
• The site has double street access and is on the corner block of a highly sought after Industrial area located at the intersection.
• Ideally positioned within close proximity to the M1 Pacific Motorway.
Don't miss this rare opportunity to a secure a blue-chip AAA grade ASX listed tenanted investment opportunity in a massive growth corridor on the Gold Coast!
For sale via Expressions of Interest, closing on 10th of May 2024 at 5PM.
Disclaimer: *Approximately/ STCA. Borders, images & locations may be indicative only. Rates of return are estimates only. Outgoings are as supplied by the owner. The Agent/Agency has not independently checked any of the information we merely pass it on. We make no comment on and give no warranty as to the accuracy of the information contained herein and no part of this material should be relied upon in forming any financial decision by you, the reader. All persons reading this material must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by the Agent/Agency toward the recipient with regard to the use of this information and all information given is given without responsibility or liability.
