Shop 1/89 Landsborough Avenue Scarborough QLD 4020

Prime real estate with a 20 year lease in place this is a rare commodity

* On the waterfront overlooking Moreton Bay
* Located on the ground floor of the Scarborough Beach Resort, which features 75 apartments with a mix of permanent and holiday rentals
* 203m2 area that includes an outdoor covered al-fresco dining area with drop-down screens
* Additionally, 2 car parks (one in secured area in downstairs carpark) and 1 storage cage
* Currently leased and operating as a BYO Café/Restaurant and Function Venue with 80+ seating capacity (50 inside, 30 outside)
* Fully air-conditioned (2 x 14kw Ducted Systems – one of them was replaced Jan 2025)
* Wheelchair accessible
* Undercover parking

* 20 year lease in place (5 x 5 x 5 x 5)
* Lease start date was 21/10/2022
* CPI increase each year
* Option periods: 5% rent increase
* Current year's lease is : $84,164.30 inclusive
* Tenant pays for Rates, Water, Electricity
* Body Corporate fees are paid by Landlord and is approx $1,200 per year (for 1/77th insurance for Common Areas). There are no further Body Corporate fees as the two Commercial lots have a separate Body Corporate to the Residential Lots of the Scarborough Beach Resort.