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Cash Converters Hervey Bay, 1/129 Boat Harbour Drive
Urraween QLD 4655
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Sold on 7 Aug 2023

Cash Converters Hervey Bay, 1/129 Boat Harbour Drive Urraween QLD 4655

  • Shop & Retail
  • 417 m²
  • Sold

Passive National Tenanted Investment | Brand New Net Lease

    Michael Feltoe & Lachlan O'Keeffe are pleased to present for sale 1/129 Boat Harbour Drive, a single-tenanted investment on a recently extended 6 year net lease to Cash Converters Hervey Bay.

    |What|
    • A single tenanted passive investment leased to an experienced 36-store Cash Converters operator
    • Recently extended 6-year net lease to 2029, with the tenant responsible for all outgoings
    • Prime positioning in the high-profile Midway Place LFR Centre, with exposure to over 17,400^ vehicles daily and direct access off Boat Harbour Drive.
    • Net Income of $103,071 + GST p.a.

    |Where|
    • High-profile 417sqm* building in the heart of Hervey Bay, the commercial heartland of the Fraser Coast region
    • Hervey Bay is the largest city in Queensland's Fraser Coast region, with a population of almost 59,000 people, and is tipped to lead population growth in the region over the next 20 years
    • At the heart of the Hervey Bay commercial district, with significant traffic-generating amenities including the Stockland Shopping Centre within 250m*.

    |Why|
    • An ultra low-maintenance investment, with the tenant responsible for the day-to-day maintenance of the property
    • An experienced Cash Converters operator with over 36 stores across Australia
    • Fixed 4% rental increases
    • ASX-listed Cash Converters are the preeminent personal finance and secondhand retail brand in Australia, with over 150 stores nationwide and over 600 stores worldwide

    *Approximate
    ^Sitewisely
    ** 2022 Toowoomba Development Status Report

    RWC (Queensland)
    RWC (Queensland)
    Level 26 111 Eagle St
    Brisbane City, QLD 4000

    Property Highlights

    Date Sold7 Aug 2023
    Floor Area417 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018571512
    Category
    Last updated  27 Sep 2023
    Map for Cash Converters Hervey Bay, 1/129 Boat Harbour Drive Urraween QLD 4655
    RWC (Queensland)
    RWC (Queensland)
    Level 26 111 Eagle St
    Brisbane City, QLD 4000

    Property Highlights

    Date Sold7 Aug 2023
    Floor Area417 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018571512
    Category
    Last updated  27 Sep 2023

    Co-Agents

    Michael Feltoe
    Michael Feltoe
    RWC (Queensland)
    Call
    0447 714 899
    Lachlan O'Keeffe
    Lachlan O'Keeffe
    RWC (Queensland)
    Call
    0413 464 137

    More about Cash Converters Hervey Bay, 1/129 Boat Harbour Drive Urraween QLD 4655

    Cash Converters Hervey Bay, 1/129 Boat Harbour Drive Urraween QLD 4655 is categorized as Shop & Retail Property. It has a floor area of 417 m². The listing ID for this property is 2018571512.

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