Shop 1/89 Landsborough Avenue Scarborough, 4020 QLD
Heart of Scarborough - Waterfront Position
Prime real estate with a 20 year lease in place this is a rare commodity Amazing Opportunity For The Astute Investor
* On the waterfront overlooking Moreton Bay * Located on the ground floor of the Scarborough Beach Resort, which features 75 apartments with a mix of permanent and holiday rentals * 203m2 area that includes an outdoor covered al-fresco dining area with drop-down screens * Additionally, 2 car parks (one in secured area in downstairs carpark) and 1 storage cage * Currently leased and operating as a BYO Café/Restaurant and Function Venue with 80+ seating capacity (50 inside, 30 outside) * Fully air-conditioned (2 x 14kw Ducted Systems – one of them was replaced Jan 2025) * Wheelchair accessible * Undercover parking
* 20 year lease in place (5 x 5 x 5 x 5) * Lease start date was 21/10/2022 * CPI increase each year * Option periods: 5% rent increase * Current year's lease is : $84,164.30 inclusive * Tenant pays for Rates, Water, Electricity * Body Corporate fees are paid by Landlord and is approx $1,200 per year (for 1/77th insurance for Common Areas). There are no further Body Corporate fees as the two Commercial lots have a separate Body Corporate to the...
For Sale Under Contract
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Maddie Dolan