51-55 The Esplanade, Cotton Tree MELB (A133)
Description
+ Brand new 7 year lease to 2026 plus 5 year option to 2031 + Guaranteed rental growth - fixed 3% annual rent increases + Tenant pays all usual outgoings including land tax as per the lease + Excellent lease security through corporate guarantee by ASX Listed Vita Group Ltd ? Market Cap $199m + Premium 219 sqm retail fronting The Esplanade plus 55 sqm of on-title outdoor space + Secure and undercover car parking for 4 vehicles plus plenty of on street parking + Artisan Aesthetic Clinic: A premium and bespoke, medical aesthetics group with 11 centre across Australian and growing. + Part of Maroochydore?s newest premium retail and residential offering ?The Cosmopolitan? + Maroochydore: Geographic centre of the Sunshine Coast and major commercial precinct. Huge investment into the immediate area with the Sunshine Plaza expansion alone set to cost $400,000,000. Population of the Sunshine Coast region is approximately 298,000 and set to rapidly increase to 470,000 by 2036. + Net Income: $175,000 pa + GST
