Situated approximately 8km radius north west of the Brisbane GPO opposite the refurbished Mitchelton Railway Station.
* Fully leased modern complex comprises of 13 retail & 5 office tenants.
* Total NLA is 1,597 sqm (approx.)
* 37 Parking Bays (1:43 sqm)
Purchased by a Commercial Property Trust.
After refurbishment of approximately $400,000.00 expenditure the leasing profile post repositioning is expected to be $480,000.00 p.a Net showing a yield of 9.05% net return.
Additionally, the site is zoned “Major Centre” which under the current neighbourhood plan allows for 6 stories; suitable for high rise density residential and retail shops.
SOLD : $5.3 Million
NET YIELD : 8.35%