55
Mudgeeraba
Road
worongary
QLD,
4213
Contact Agent
38
Land: 5140 sqm
Property: 510 sqm
Main Road Swimschool site with solid income & HUGE upside…
This is a very unique and financially viable opportunity for any buyer looking for a passive investment with upside for potential additional development.
Located on a sloping 5140 sqm block, zoned Rural residential with a Land Use of Sports clubs / Facilities, this elevated block comprises:
Existing indoor in ground swimming facility with established tenant in place.510 sqm* Besser block style construction building, comprising a 20 metre, 5 lane, in ground heated commercial swimming pool, including reception area, guest waiting area, male & female change rooms & plant / equipment room.
5-year lease to a swimming school, commenced October 2019. 5 + 5 + 10 year options – Rent as of 1st October 2023 is $89,019.48 Plus GST, Plus Outgoings.
Market Rent review due October 2024, indicating a significant increase due. This is currently under negotation and we are looking to secure a revised rental of $110,000 P.A. Nett, Excl GST.
2 x Car parking areas with approx.' 38 car parking spaces in total.
There is also scope for various other commercial / residential development subject to council approval with additional vacant land of 2480 sqm* for potential future development.
For Sale via offers to purchase:
Contact Adam Roberts – 0422 443 565 / Giles Bushe - 0425 254 941
Agents
Nearby Schools
About worongary
median house price
1220000suburb growth
2.5%median house rent
1100suburb rental yield
4.7%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
