LARKMAN FAMILY PUT RUSSELL ISLAND SHOPPING CENTRE UP FOR AUCTION
The biggest building on the Southern Bay Islands, the Russell Island Shopping Centre, is up for auction.
Owned and built by the Larkman family nearly 15 years ago, it is to go under the hammer at auction on Thursday 11th November 2021.
The auction will be held in the rooms of selling agent Colliers at 11.30am at Level 2, Circle on Caville 3184 Surfers Paradise Boulevard | Surfers Paradise, QLD 4217
The Russell Island Shopping Centre is located at 29-39 High Street, Russell Island and its tenants include the Supa IGA Supermarket, kebab shop, Russell Island Pharmacy, hairdressing salon, new cafe, Russell Island Post Office and Russell Island Bakery.
Features of the property include:
- Lease W.A.L.E of 7.3 Years
- Net Income of approx. $589,833 p.a
- 7 Tenants, 100% Leased
- Can Be Sold Prior To Auction
- 5,950m2 Site Area, 1,943.7m2 NLA
To review due diligence content, please contact exclusive agent Ryan Chandler at your earliest convenience on 0415 805 277.
Features include: - Lease W.A.L.E of 7.3 Years - Net Income of approx. $589,833 p.a - 7 Tenants, 100% Leased - Can Be Sold Prior To Auction - 5,950m2 Site Area, 1,943.7m2 NLA Method of Sale: Auction: Thursday 11th November 2021 (11.30am in-rooms) Further Information: To review due diligence content, please contact exclusive agent Ryan Chandler at your earliest convenience.