689 Nicklin Way
Leased to one of Australia’s largest Toyota dealerships, 689 Nicklin Way is primely located on the foreshore of Currimundi Lake. The improvements are a fully air-conditioned showroom of 2,350m² sitting on 7,985m² of land and is securely leased with a long-term tenant.
The long-term strategy for this significant landholding involves the redevelopment to a hotel/leisure asset or repositioned to a larger higher-end retail premises.
Value:
$17,100,000
Acquisition Date:
Oct 2021
Lettable Area:
2,350m²
WALE:
5.9 years
689 Nicklin Way, Currimundi, QLD 4551
Address:
Sunshine Toyota (Servco) and Telstra Corporation Limited
Tenants:
All figures are as at Jan 25
