51 Upton Street,
Bundall, QLD 4217

Showrooms & Large Format Retail

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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 For Sale. 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

For more information contact Colliers International’s Steven King on 0417 789 5....

*approximately.
^please note outlines are indicative only.

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Bundall, 4217 demographic data

The median household income for Bundall is $1,957, 30% higher than Regional Queensland's household income of $1,507. Bundall has a similar age profile compared to the rest of Regional Queensland (median age 41). Property ownership data shows 51% of property owners in Bundall have a mortgage.

4,895

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$1,957 per week

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41 years

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