We have a motivated seller who will consider all genuine offers, enjoy the benefits of positively geared returns, low maintenance and established companies providing reliable returns.
This high quality tenanted investment is leased to Attune Hearing, the largest audiology provider in Australia with more than 50 accredited locations nationwide. Their successful operations Australia wide provides all of their landlords with the confidence they need to invest in their long term locations, just like Unit 6 / 42 Ross River Rd, Mundingburra.
With Attune occupying one of six tenancies within this complex, ideally suited to smaller medical and allied health users but certainly isn’t limited to those users, allowing professional office and other similar users for example cosmetic and beauty businesses.
The location is ideal for Attune’s operations, positioned on one of Townsville’s major arterial roads offering the best access to public transport and is positioned only meters from the Mater Private Hospital along with surrounding medical operations as well as being close proximity and on the direct route to the CBD and Townsville General Hospital.
The investment summary is as follows
– All outgoings paid by tenant
– Current tenant has occupied for more than 15 years
– Current net rental of $43,379 per annum plus GST
– Current lease term expires 31/10/2024 with 6 month notification renewal period
– Lease renewals include 2x 3 year options expiring 31/10/2030
– Includes 2 covered staff parks at the rear and ample patient / visitor parking
– Price Guide $550,000 To $575,000 sold as a going concern
– Indicative Return Rate: 7.50% net
For more information or to arrange an inspection, please contact James Pascoe or Daniel Packer from Pascoe Commercial
