Stonebridge National Investment Sales is pleased to present to the market Merimbula Square, a fully leased investment and landbank opportunity offering rare covenant to anchor tenant, McDonald’s, and a top floor residential penthouse overlooking Merimbula Lake. The property is For Sale via Public Expressions of Interest closing Friday, 28 October 2022 at 3pm (AEDT).

The key highlights of the opportunity include:

– Fully leased investment underpinned by National and ASX-listed covenants – McDonald’s, Harris Scarfe, Rip Curl and Rivers with at-grade carpark for 27 vehicles

– New 20 year McDonald’s lease to 2039 underpinning long WALE of 6.3 years (by income)

– Luxury top-floor residential penthouse with panoramic water views and double lock up garage

– Prominent 2,762 sqm corner and full island site with B2 Local Centre zoning and strong intensification potential^

– Merimbula CBD – well-connected tourism and aquaculture hub strategically situated between Australia’s two largest cities, 2 km* from Merimbula Airport

– Approved DA to allow for a stratum / strata subdivision value-add and exit strategy options

– Annual reviews for 100% of tenants; 75%* of income benefits from annual CPI increases

– Estimated Net Income $577,808 pa* + GST (as at 1 Dec 2022)

*Approximate ^STCA

Merimbula Square is For Sale via Public Expressions of Interest closing Friday, 28 October 2022 at 3pm (AEDT).

Please contact the exclusively appointed Stonebridge property professionals for more information.

Property Code: 503