1/247 Esplanade, Lakes Entrance

100m² Land
97m² Floor Area
Price Undisclosed
Sold on 26th February 2021
Property Type: Retail

NEW 6 + 6 + 6 YEAR LEASE THROUGH TO 2039 - OPENING FEBRUARY 2021

- BRAND NEW 6 YR LEASE + OPTIONS TO 2039
- FIXED 3% INCREASES - ASSURING GROWTH
- LAKES ENTRANCE, THRIVING TOURIST MECCA

- Brand new 6 year lease to 2027 plus 6 + 6 year options to 2039
- Net lease with tenant paying all usual outgoings
- Re/Max: more that 7,000 offices globally and 120,000+ employees
- Fixed 3% annual increases - assuring rental growth
- Prime retail premises opposite Ferrymans Cafe, close to NAB, KFC and Australia Post
- Lakes Entrance: year round tourist mecca, trade catchment area circa 5,000 swelling to circa 25,000 over summer
- Net Income: $30,000 pa + GST

For Sale by Portfolio Auction
11:00am (AEDT) Wednesday 24 February 2021