Towers Francis Property are pleased to present to the market for sale, Midas Tweed Heads South by Expressions Of Interest (EOI) with a closing date for offers of 12pm Thursday, 30th November 2023.
This offering is a secure Tyre & Auto investment One of Australia's most sought after asset classes due to the sector's resilient outlook, secure covenants and favourable lease structures
INVESTMENT FEATURES:
- Brand new renewed 5 + 5 year lease commencing 1st December 2023.
- Leased to Corporate entity Midas Australia Pty Ltd wholly owned by ASX listed Bapcor.
- Net rental income $126,958 per annum
- 100% outgoings recoverable.
- Annual reviews the greater of CPI or 3%.
FEATURES:
- Freehold main road building in immaculate condition.
- 488sqm NLA
- 1,012sqm Site area.
- 20 metre frontage to the main arterial road "Minjungbal Drive", with over 60,000 passing vehicles daily.
FOR SALE:
Expressions Of Interest (EOI) closing date for offers Thursday 12pm, 30th November 2023.
This property will be sold!
MORE INFORMATION:
Contact exclusive selling agents Towers Francis Property.
The size of Tweed Heads South is approximately 11.5 square kilometres. It has 20 parks covering nearly 32.3% of total area. The population of Tweed Heads South in 2011 was 7,902 people. By 2016 the population was 7,640 showing a population decline of 3.3% in the area during that time. The predominant age group in Tweed Heads South is 60-69 years. Households in Tweed Heads South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tweed Heads South work in a community and personal service occupation. In 2011, 62.4% of the homes in Tweed Heads South were owner-occupied compared with 60.5% in 2016.
Tweed Heads South has 5,523 properties. Over the last 5 years, Houses in Tweed Heads South have seen a 78.82% increase in median value, while Units have seen a 78.88% increase. As at 31 July 2024:
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