Versatile Property in Prime Location With 5 Years Secured Lease

The Details

Location: Brisbane, QLD

Type: Off Market Commercial

Purchase Price: $1,110,000

Net Rent: $68,300

Net Yield: 6.15%

Cashflow: $25,833 per year (70% loan @ 5.5%)

Lease: 5 year brand new lease, with 1 x 5 year option

Total area: 120 sqm with 30sqm* alfresco/ outdoor area

$10,000 internal upgrade of the facility

Versatile business space in prominent location

Rent review annually with an increase of 3%

Current Tenants relocated to current location after outgrowing previous space after a decade of success