7/2 Ocean Street Maroochydore QLD 4558

- Highly exposed corner retail position, 3 entry points to shop (incl. arcade)
- Current Rent $42,911* gross per annum plus GST
- Current Lease to 6 June 2022
- Tenant 'Games Workshop Oz Pty Ltd' t/as "War Hammer"
- Games Workshop is a subsidiary of a UK based international firm (Games Workshop Group) listed on the London Stock Exchange (code GAW) with shares worth app 110* British Pounds each (risen from 7* British Pounds in 2015). It is understood that web gaming figurines are owned by 'Games' which they licence out.
- Games Workshop have been an exceptional tenant since 2013 at this very location and no loss during the Covid lockdowns as 'Games' shares actually went up due to home gaming etc.
- Outgoings paid by Landlord from gross income $9,275pa* (Rates, Body Corp, Unitywater and regular Air Con servicing)
- Net income position $33,636* per annum
- 1 (one) exclusive use car park on site
- Cash Bond held by Seller $15,015*
- No option term on current Lease however new lease terms can be offered to tenant 6th Nov 2021, or buy and owner occupy
- Approx 6.5*% return on current net income

Contact marketing agent Jason O'Meara of Savills 0408 087 868 for further information and or inspection.

(*Approx.)