Unit 2/ 2 Lyell Street offers investors and owner occupiers the opportunity to acquire this well positioned modern strata unit that is one 3 strata units in this small strata development.
Situated on the corner of Lyell and Barrier Streets this property provided extensive Street exposure. The 3 units have been extensively upgraded over the last few years and the property and grounds have been well maintained by the vendors.
Fyshwick has traditionally been a tightly held market and this listing is a rare opportunity to secure a tenanted investment.
* One of 3 strata units providing two tenancies, unit 2 provides 457m2 of combined space.
* Onsite parking for 4 vehicles
* Ground Floor - 289m2 Vacant as of 29/June 2021
* Level 1 - 168m2 leased until 1/02/2022 however there is an opportunity for a new 3 year lease
Passing Income = $34,000.00* As of April 2021 (ground floor tenancy ends 28 June 2021 allowing owner occupiers to move in)
Outgoings = $11,638*
Strata Fees = $3237.50*
Total estimated outgoings =$14,875.50*
Net Passing income = $19,000.00* plus GST
Please call the exclusive listing agent:
BMR Commercial on 0402 673 547
(*estimated based on owners information )