• Sold
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT
BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT

For Sale

Colliers International, as exclusive marketing agents, are thrilled to present 51 Upton Street, Bundall to the market For Sale. Anchored by Hayman’s Electrical (ASX: MMF) on a 21-year lease (including options), this outstanding brand new freehold property offers a long term passive investment secured by a high-quality tenant with full depreciation benefit potential.

Features include:
- 7-year lease with 2 x 7-year options
- Tenant: Hayman’s Electrical (ASX: MMF)
- Net income of: $300,000 p.a.* + GST + Outgoings
- Head lease with parent company - Hayman's nationally has 71 branch outlets and parent company has 250
- Initial lease term commenced: 29/07/2019
- 1,144sqm* of NLA positioned on 1,973sqm* of land
- Located within the Gold Coast's best showroom/bulky-goods precinct
- Genuine seller, will be sold

For more information contact Colliers International’s Steven King on 0417 789 599.

*approximately.
^please note outlines are indicative only.

Property Details

  • 28/10/2019
  • Contact our experts for details on this transaction