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Lots 1 & 2/5 East Street Rockhampton City, QLD 4700

Lots 1 & 2/5 East Street,
Rockhampton City, QLD 4700

Shop & Retail • Other

Price information

Sale - Expression of Interest

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Key property information

Land area

Floor area

Parking info

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Municipality

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$425,739
Number of Tenants
3 Tenants
Tenants / Type
Restaurants

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Prime CBD Waterfront Retail - 10 year leases

  • National Tenants - Busy Cafe Precinct
  • Tenants Pay All Outgoings
  • Annual CPI Increases
+ Lot 1 – RIBS & RUMPS, 11.5 year lease + options to 2036
+ Lot 2 – COFFEE CLUB, 10 year lease + options to 2034 and PACINOS,10 yr lease + options to 2034
+ Rockhampton’s largest riverfront dining precinct
+ Situated under the Empire Hotel, Rockhampton’s newest apartment hotel complex
+ Award winning development in the heart of the CBD
+ Building area 791m2 plus 196m2 of alfresco dining
+ To be sold in one line or separately
+ Tenants pay outgoings as per the lease
+ Annual CPI rent reviews
+ Rockhampton is Beef capital of Australia with a population of 87,488
+ Forecast to grow to 112,701 by 2036
+ Net Income – Lot 1 -$193,226 p.a. (plus GST), Lot 2 -$232,513 p.a. (plus GST)

For Sale by "Expressions of Interest"
Closing Friday 22 April 2022

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Property ID: 504018307Last Updated: 31 May 2022

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Lots 1 & 2/5 East Street
Rockhampton City, QLD 4700
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