3/28 Fortescue Street, Spring Hill, QLD 4000

Offices

For Sale $1,200,000

  • Property ID: 251833
  • Floor Area: 316m²
  • Occupancy: Vacant
UNDER CONTRACT BY MATT O'BRIEN

Elders Commercial is pleased to present to the Investment Market level 1, 28 Fortescue St Spring Hill, for sale for $1.2 Million.

Very rarely do secure investment opportunities in the sub $1.5 M price range surface to the market within prime inner-city commercial hubs walking distance to the CBD.

The opportunity is unrivalled in the marketplace and we encourage all Investors to seriously consider this astute investment opportunity.

Key features of the offering include:

• Full floor, 316 sqm A-Grade office with 4 car parks
• Functional layout with excellent natural light
• Leased to Daly International on a new 4 year lease commencing 1st May 2016
• Healthy net return of $83,982.48 p.a
• Annual 4 % increases on office and car park income. Projected gross income of $117,435.79 in year 4!
• Potential to increase rental upon expiry of lease. Evidence suggests current rental of $300/sqm gross is below market
• Fantastic location within minutes of Roma St & Central Train Stations, numerous bus stops, cafes, restaurants and diverse retail amenity

High quality secure investment opportunities in the sub $1.5 M price range are very rarely offered & we encourage all Investors to act before it’s too late!


For further information or to arrange an inspection please contact the Exclusive Marketing Agent!!

Spring Hill Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $5556 --- ---
Offices $3838 $412 10.73%
Retail $4230 $486 11.50%
This is the average advertised price, rent and yield for Spring Hill, QLD 4000*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in QLD for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 3/28 Fortescue Street, Spring Hill, QLD 4000. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 3/28 Fortescue Street, Spring Hill, QLD 4000. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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