100% Occupied For Over 20 Years
3/110 Macquarie Street, Teneriffe, QLD 4005
Ray White Commercial (Qld) are pleased to exclusively offer 3/110 Macquarie Street, Teneriffe QLD for Sale by Expressions of Interest, closing Tuesday 26 September 2017, 4pm (offers prior considered).
Teneriffe is Queensland's most desired suburb to live and as of May 2017 became Queensland's first and only $2 million* median priced suburb, recording an unprecedented 84.3% capital growth over the past three years^.
- Premium retail investment with 100% occupancy for over 20 years.
- Morgan Stanley reported that retail rents for premium shops in Brisbane had increased by 6.8% between June 2016 - June 2017.
- Tenant pays for all outgoings including management fees (excluding land tax if applicable)
- Secure monthly income underpinned by a 3 month Bank Guarantee and Personal Guarantee.
- Net income of $67,780* + GST.
As the exclusive marketing agents we encourage your strong consideration of this outstanding asset and look forward to assisting you with your enquiries.
*approximately
^Source: Brisbane Courier Mail
**This property is being sold by Expressions of Interest therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.