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Colliers International - Gold Coast
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51 Upton Street Bundall, QLD 4217

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For Sale - Auction Wed 23 Oct

51 Upton Street
Bundall, QLD 4217

Showrooms & Bulky Goods
Sale Price

Auction 23 October 2019

Land area

1973.0m²

Floor area

1144.0m²

Parking info

Onsite Parking Available

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$300,000
Number of Tenants
1 Tenant
Tenants / Type
Electrical

Auction

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BRAND NEW BUILDING - ASX LISTED LONG-TERM TENANT

  • New 7+7+7yr Lease to Hayman’s Electrical
  • $300,000 p.a.* Net Income + GST + Outs
  • 1973sqm* Land Area & 1144sqm* NLA
Colliers International, as exclusive marketing agents, are thrilled to present 51 Upton Street, Bundall to the market via Public Auction. 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

The property is being offered For Sale Via Public Auction on Wednesday 23rd October 2019 at 11.00am.
Auction Location: In-Rooms at Colliers International’s Gold Coast Office
Level 2, Circle on Cavill, 3184 Surfers Paradise Boulevard, Surfers Paradise, QLD 4217

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

*approximately.
^please note outlines are indicative only.

Property ID: 503331078Last Updated: 15 Oct 2019

0417 *** ***
Colliers International - Gold Coast
51 Upton Street
Bundall, QLD 4217
Steven King

Colliers International - Gold Coast

Level 2 Circle on Cavill, 3184 Surfers Paradise Boulevard
SURFERS PARADISE, QLD 4217

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Colliers International - Gold Coast

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Colliers International - Gold Coast

Level 2 Circle on Cavill, 3184 Surfers Paradise Boulevard
SURFERS PARADISE, QLD 4217
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Steven King

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Steven King
Colliers International - Gold Coast
51 Upton Street Bundall, QLD 4217

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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