Chempro Chemists, 1/3 Twenty Third Avenue,
Palm Beach, QLD 4221

Medical & Consulting • Shops & Retail • Showrooms & Large Format Retail

Key property information

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Map of Chempro Chemists, 1/3 Twenty Third Avenue

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Trophy Beachside Medical Investment

10 + 10-year lease to 2041
Essential service underpinned tenant
4 dedicated carparks on title

+ Essential service underpinned tenant in brand new facility
+ Brand new 10yr lease with 1x 10-year option
+ 148sqm ground floor retail tenancy under 9 storey residential tower
+ Prime location with frontage to Gold Coast Highway on signalised intersection
+ Tenant pays all outgoings (excl. Land tax) with 2.5% fixed annual rent reviews
+ Chempro Chemists – national operator with over 106 sites across Australia
+ Gold Coast: undergoing explosive growth – population is expected to grow 36% to 820,000 by 2035
+ 4 dedicated car parks on title
+ Palm Beach – significant trade area growth through increased high density residential development in the immediate surrounding area
+ Substantial first year depreciation on offer
+ Net income of $73,073 per annum

For Sale by Investment Portfolio Auction
11am (Brisbane Time) Wednesday 10 November 2021

Palm Beach, 4221 demographic data

The median household income for Palm Beach is $1,721, 14% higher than Regional Queensland's household income of $1,507. Palm Beach has a younger age profile compared to the rest of Regional Queensland (median age 39 vs 41). Property ownership data shows 52% of property owners in Palm Beach have a mortgage.

16,349

Population

$1,721 per week

Median household income

39 years

Median age

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CBRE - VIC

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