SOLD - Tewantin (Noosa) - Caltex

Cushman and Wakefield are pleased to present to the market 11 Doonella Street, Tewantin for sale via Auction.

The property has the following key characteristics:

• 15 year lease to 2033 + options to 2053
• Caltex Australia Petroleum Pty Ltd - A wholly owned subsidiary of Caltex Ltd, an ASX50 company with a market capitilisation of $8.28 Billion
• Prominent 1,199 sqm corner site with 70 m of frontage
• Tewantin - Bustling tourist location supported by strong local economic administrative centre including the Noosa Shire Council Chambers & professional services
• Noosa - World famous destination with 2,000,000 + visitors annually and the gateway to the Fraser Coast
• Neighbouring Tewantin Noosa RSL, Woolworths, BWS, Liquorland, Westpac, CBA, ANZ, Medical Centre & more
• Favourable environmental provisions with ownership of the tanks and remediation responsibility of Caltex Ltd
• Tenant pays all usual outgoings (including Land Tax)
• Fixed 3% annual increases
• Net Income $174,000 pa + GST

*Approx.

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Tuesday 24th July at 10.30am at the Cushman & Wakefield Sydney office, located on Level 22, 1 O’Connell Street, Sydney NSW 2000.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.