Passive Investment/17 Esmond St Emerald QLD 4720

Knight Frank is pleased to present this premium freehold investment opportunity.

The highly popular Capricornian Restaurant tenants the asset and returns $102,676.52 + GST + Outgoings per annum, the asset also offers great upside thanks to its excess land.

The Capricornian restaurant (tenant), has been proudly servicing Emerald and the surrounds for over 25 years (approx.).

Key features:

- Income $102,676.52 + GST + Outgoings per annum
- Leased until August 2026 with 2 x 5 year options
- the tenant pays 100% of the outgoings
- Bank Guaranteed Lease
- 3% rent increases annually
- Freehold land holding of 1,913 sqm*
- Excellent development upside with excess land
- Bank Guaranteed lease
- Indoor and outdoor dining
- Function room
- Cocktail garden
- Bar
- Ample on-site marked car parks
- Zoned Principal Centre under Central Highlands Regional Council Planning Scheme

For further information please contact Adam Kelly.

For Sale for $1,285,000

*Approx