1/7-11 Brown Street Labrador QLD 4215

TENANTED INVESTMENT PROPERTY WITH LONG 10 YEAR LEASE PLUS 2x5 YEAR OPTIONS

- $103,887pa net income
- Lease expiry June 2031
- Fixed 3.5% annual increases
- Strong performing tenant

CBRE Metropolitan Investments is pleased to offer this tenanted investment opportunity with an annual net return of $103,887pa and another nine years remaining on a 10-year lease.

Trading as Cellarbrations Labrador this strong performing bottle shop occupies a prominent corner location within a diversified retail shopping strip. The retail strip is adjacent to Aldi and provides the typical specialty retailers that traditionally abut a major supermarket. The bottle shop has been trading from this location for over 20 years.

The new owners will benefit from fixed 3.5% annual rent increases and a fully net lease.

Labrador has seen an extraordinary growth in the median house sale price with an increase from December 2020 to November 2021 of 19.47%. During the same period there has been a 13.19% increase in the median unit price.

The area continues to attract young professionals and young families due to the affordability and variety of housing within such a centrally located area. The connectedness of Labrador to the beach, Brisbane, Surfers Paradise and to schools, hospitals and shopping precincts provides an incredibly affordable Gold Coast lifestyle.

For an Information Memorandum or to arrange a confidential inspection please contact the exclusive selling agents.

(All areas, outlines, figures are approximate only)