SOLD! 10 Year Net Lease to Vodafone Australia - Strategic Gold Coast Location

SOLD

15 Telford Place

Arundel QLD 4214

Offices

FOR SALE

- Renewed and secure 10 year net lease to June 2025 plus options to 2035
- Leased to Vodafone, Mobile Telecommunications giant
- Tenant in occupation for 15 years
- Strategically positioned telecommunications facility located 7 km from the Southport CBD
- One of only 3 Vodafone high tech facilities in Queensland
- Site area of 2,738 sqm with lettable area of 2,038 sqm
- Attractive annual increases of 3.5% until 2020 and 3.25% until 2024
- Tenant pays all outgoings (inc. Land Tax)
- Gold Coast: Australia's tourist mecca - Home to the 2018 Commonwealth Games with over $13.5 Billion in infrastructure projects planned or underway
- Net Income: $430,000 pa + GST (increasing to $445,050 pa + GST in June 2016)

Auction 11am AEDT Tuesday 23 February
Doltone House Hyde Park, Sydney