Prime Retail Investment. Government Tenant. 100% Leased
* LJH Commercial are pleased to present ground floor 88 Doggett Street, Newstead to the market for immediate sale.
* Rarely offered premium ground floor property with expansive glass shop fronts and exposure to Doggett & Longlands Street.
* Situated in Newstead Towers complex, directly opposite Gasworks Food & Dining Precinct.
* 175 sqm Leased to the State Government of Queensland until 30/04/2025 and 2 x 3 year options.
* Fully fitted and furnished internally by existing lessee.
* Gross Income: $106,090 per annum + GST.
* Outgoings: $9467 per annum (Rates, Water, Body Corporate).
* Net Income: $99,533 Plus GST approx.
* Opportunity to add additional income from vacant areas.
* 28 sqm Storage (not in lease area).
* 4 onsite basement car spaces exclusive. 3 under Government Lease. 1 Vacant (not in lease area)
* Additional visitor car parking onsite.
* The owners have provided clear instructions to sell the property.
* All serious offers to purchase to be submitted in writing to mnicolas@ljhc.com.au Contact Exclusive Agent Manoli Nicolas on 0400 082 170 for further details today.
PRICE: Contact Agent
BUILDING AREA: 203 sqm