Knight Frank is pleased to exclusively present for sale a strata office suite located at The Coterie, 361 - 363 St Pauls Terrace, Fortitude Valley, QLD. Occupying a high profile site within Fortitude Valley, The Coterie residential development features a fully leased investment offering an 8% return on the net income.
Key investment highlights include:
• Fully leased asset returning $230,000 + GST per annum net with annual 3% rental increases
• New 3 year lease with 2 x 3 year options commencing 3 May 2021
•613 sqm* of office space and amenities located over three levels fronting St Pauls Terrace with exclusive use of six (6) parking spaces
• 2020 refurbishment providing potential depreciation benefits
• Significant local infrastructure spending within the immediate area as well as direct access into the upgraded Valley Metro Plaza and train station
The owner will consider offers reflecting a 8% initial yield.
For further information please contact the exclusive marketing agents.