Long-Term Tenant in Popular Brisbane Coastal Location
The Details
Type: Retail
Purchase Price: $910,000
Net Rent: $49,500
Net Yield: 5.44%
Cashflow: $38,000 per year (70% loan @ 2.5%)
Lease: Recent 3+3+3 year lease
Net Lettable Area: 427sqm with 120sqm shop area
Why we love this property
Established commercial location surrounded by other well-known businesses
Corner block with development potential
Versatile future uses such as medical
Popular bayside location within large residential catchment areas
Additional Café on weekends bringing more foot traffic
Property presents immaculately and is a freestanding building
Exclusive car parking at the rear of the property as well as easy off-street parking
