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Taps Mooloolaba Bar & Bistro', Lots 5 & 6, 13 Mooloolaba Esplanade Mooloolaba, QLD 4557

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For Sale

Taps Mooloolaba Bar & Bistro', Lots 5 & 6, 13 Mooloolaba Esplanade Mooloolaba, QLD 4557

Shop & Retail
Sale Price

$2,400,000

Floor area

246.0m²

Property extent

Partial

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$158,280
Number of Tenants
1 Tenant
Tenants / Type
Retail

High Profile Mooloolaba Esplanade Retail Investment

  • Lot 5 Area: 126sq m*
  • Lot 6 Area: 120sq m*
  • Licenced Outdoor: 24sq m*
The Property comprises two (2) adjoining ground floor retail lots occupied on a long term lease by one of the most iconic venues on the Sunshine Coast, Taps Mooloolaba Bar & Bistro.

Taps Mooloolaba is strategically located on the Esplanade in the heart of Mooloolaba, within 1 hour 20 minutes north of the Brisbane CBD.

Investment highlights include:

- Long lease tenure - New seven (7) year lease to August 2025 plus a seven (7) year option to 2032
- Established, successful tenant - Taps Australia Pty Ltd have been in occupation since 2013
- In-built income growth - Net lease featuring 4% annual rental increases
- Prominent high profile position - strategically located in the heart of Mooloolaba
- Unique liquor licence transferable to the new owner allowing the tenant to operate 10am - 1am Monday to Sunday
- Rapid population growth corridor - the Sunshine Coast is one of the fastest growing economic regions in Queensland
- Ideal self-managed superannuation fund investment opportunity
- Net Income Estimate: $158,280pa*

The Property is for sale for $2,400,000.

*Approx. / Outlines are indicative only

Property ID: 503085210Last Updated: 2 May 2019

Taps Mooloolaba Bar & Bistro', Lots 5 & 6, 13 Mooloolaba Esplanade
Mooloolaba, QLD 4557

Agency contacts

Savills - Sunshine Coast

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Savills - Sunshine Coast

Level 3, 61 The Esplanade
MAROOCHYDORE, QLD 4558
Savills - Brisbane

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Savills - Brisbane

Level 2, 66 Eagle Street
BRISBANE CITY, QLD 4000
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Peter Capps
Savills - Sunshine Coast
Taps Mooloolaba Bar & Bistro', Lots 5 & 6, 13 Mooloolaba Esplanade Mooloolaba, QLD 4557

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

Kind Regards,

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