A high profile retail investment with inbuilt income growth has become available for purchase in Mooloolaba.

Lot 5 and 6, 13 Mooloolaba Esplanade is being offered for sale via an Expressions of Interest campaign run by Savills, on behalf of the Vendor.

Savills agents Peter Capps and Michael Harcourt are marketing the property, with established tenant Taps Mooloolaba currently secured on a 7 year lease to August 2025 paying $158,280 per annum net plus GST.

“Taps Australia have been in occupation since 2013, and have proven to be a successful tenant.

“The property offers great income potential to an incoming buyer, with the option to extend the lease for another 7 years, bringing the contract to 2032,” Mr Capps said.

The opportunity comes with inbuilt income growth, with the net lease featuring an annual rental increase of 4%.

The tenant currently operates under a unique liquor licence, which is transferrable to the new owner.

This licence allows the tenant to operate from 10am to 1am from Monday through to Sunday.

The property is prominently located in the heart of the Mooloolaba dining precinct, on the ground floor of the Peninsular Beachfront Resort complex.

“The Sunshine Coast is earmarked as one of the fastest growing economic regions in the state.

“The property is ideally located to reap the benefits from locals and tourist during this growth period,” Mr Capps said.

Expressions of Interest close at 2pm (AEST) on Wednesday 6 March 2019.

Learn more about Savills Retail Investments.