$650,000

Opportunity to secure a small CBD Shop Investment

This Strata Titled Shop of 43 square metres is located in Edward S, Brisbane City. It is currently leased to March 2021. The current tenant exercised their 3 year option in April 2018. The current rent is under rented and has excellent opportunity for a new owner to increase substantially at the completion of the lease term .
* Lease option term of 3 years commenced 1st April 2018
* 3.5% increase annually
* Lessee pays water charges
* Net Income $39,488 per year
* Selling Price $650,000
* 6% Net yield estimated
Call Tom Chan Sole Agent for further details 0478586131

Phone exclusive agent Tom Chan 0478586131

Lot 1/61 Edward, Brisbane City

$650,000

Description
Opportunity to secure a small CBD Shop Investment

This Strata Titled Shop of 43 square metres is located in Edward S, Brisbane City. It is currently leased to March 2021. The current tenant exercised their 3 year option in April 2018. The current rent is under rented and has excellent opportunity for a new owner to increase substantially at the completion of the lease term .
* Lease option term of 3 years commenced 1st April 2018
* 3.5% increase annually
* Lessee pays water charges
* Net Income $39,488 per year
* Selling Price $650,000
* 6% Net yield estimated
Call Tom Chan Sole Agent for further details 0478586131

Phone exclusive agent Tom Chan 0478586131

Agent Details
Tom Chan

Senior Commercial Consultant

mobile 0478 586 131

phone 07 3233 3923

Agency Details
Contact

location

Level 1, 144 Adelaide Street, Brisbane QLD 4000

phone

Key Details
property ID 1651964
build size 43m2
council rates $2716
body corporate $5,795.76
water rates $1556
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Location
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