Under Offer 18/04/2024
NATIONAL TENANTED INVESTMENT 5.5 YEARS REMAINING ON LEASE
6/110 Kortum Drive, Burleigh Heads QLD 4220
By Negotiation
IndustrialSize: n/a
Block size: 292 m² approx.
Located within a popular complex and surrounded by strong local and national businesses, this opportunity is a secure investment tenanted by national tenant 99 Bikes.
Tenant Profile: 99 Bikes is a renowned retailer specializing in bicycles, accessories, and services. With a strong presence across Australia, they've built a reputation for quality products and exceptional customer service.
The lease is guaranteed by ASX-listed Flight Centre Australia, providing additional security and assurance for investors.
Property Highlights:
- Current Net Return: $113,032p.a + GST*
- Current Lease Term Expires in September 2029, plus a 7-year option.
- Total gross floor area of 600m2* across two levels.
- High profile location with signage to major arterial road (Reedy Creek Road)
- Foot traffic from other National retailers such as Rebel Sport, Battery World, Carpet Call and Godfreys
- Located in tightly held and well positioned Burleigh Heads Industrial precinct.
Seize this opportunity to invest in a prime commercial property and enjoy the reliability of a reputable tenant with a strong lease agreement guaranteed by Flight Centre Australia.
6/110 Kortum Drive is to be sold via Auction onsite on Wednesday 17th April at 5pm AEST (if not sold prior).
Contact Exclusive Agents Lacey West Commercial for all information or to inspect this investment opportunity!
*approximate
Disclaimer:
Lacey West Commercial makes no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by JBJC Property Pty Ltd trading as Lacey West Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
Tenant Profile: 99 Bikes is a renowned retailer specializing in bicycles, accessories, and services. With a strong presence across Australia, they've built a reputation for quality products and exceptional customer service.
The lease is guaranteed by ASX-listed Flight Centre Australia, providing additional security and assurance for investors.
Property Highlights:
- Current Net Return: $113,032p.a + GST*
- Current Lease Term Expires in September 2029, plus a 7-year option.
- Total gross floor area of 600m2* across two levels.
- High profile location with signage to major arterial road (Reedy Creek Road)
- Foot traffic from other National retailers such as Rebel Sport, Battery World, Carpet Call and Godfreys
- Located in tightly held and well positioned Burleigh Heads Industrial precinct.
Seize this opportunity to invest in a prime commercial property and enjoy the reliability of a reputable tenant with a strong lease agreement guaranteed by Flight Centre Australia.
6/110 Kortum Drive is to be sold via Auction onsite on Wednesday 17th April at 5pm AEST (if not sold prior).
Contact Exclusive Agents Lacey West Commercial for all information or to inspect this investment opportunity!
*approximate
Disclaimer:
Lacey West Commercial makes no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by JBJC Property Pty Ltd trading as Lacey West Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Josh Cruden to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Industrial
Block Size:
292 m²*
Other Details
Lot:
6
Plan Type:
BUP
Plan:
106181
Legal description:
6/BUP106181
Maps and area information
Block information
Block size: 292m² (approx)
Legal description: 6/BUP106181
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
29 Apr 2020
Sold
RWC (Queensland)
Listed: 20/02/2020
Block size: 600m²
Transfer type: Full transfer
Burleigh Heads suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
43 years
Population
10,572
Listing ID: 182372291. This listing has been viewed 1 time. It was first displayed on 13/03/2024 and last updated on 18/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.