This rare inner city industrial freehold offers those who are wanting an investment opportunity with a secure, long term lease garnering a 6.4% return just minuted from the Southport CBD.
Key Features Include:
+ 516m2 land parcel with a 88m2* home/office and a 66m2* rear workshop.
+ Exclusive on-site parking as well as drive through capacity from George to Maid Street
+ Brand new 5 year lease with a 5 year option with a Net income of $37,596 + Outgoings + GST
+ Value Add potential as it offers wonderful re-development possibilities.
+ Asking price of $580,000 with a 6.4% yield on investment, simply irresistible.
*Approximately
Please contact the listing agent for more details by clicking on the link above.
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.