This opportunity is bricks and mortar growth. Make money in your sleep with this set and forget secure investment. Situated next to Aldi and the main arterial, Government Road in Labrador, this small shopping complex will always have a captive market.
Key points of the opportunity:-
* Tenanted income from a prominent neighbourhood cafe
* Located in a high traffic, suburban strip of shops and adjacent to a busy ALDI supermarket
* $37,492 p.a. net rent with 3% annual increases
* Outgoings are 100% costs recovered from the tenant
* Body corp levies $1,001* per quarter
* Council general rates $1,527.25* biannually
* Water rates $633.86* quarterly
* Lease expires September 2027 + 5 years option
* Market rent review at end of first term
* Income security via personal guarantees and tenant's visa application
* Internal and alfresco dining + a large commercial kitchen
* Ideal for growth in your superfund
Seller is looking to move overseas. This property will be sold on or before Auction Day.
To be sold by way of Public In-Room Auction at the Gold Coast Turf Club, Racecourse Drive, on Thursday 27 July 2023 at 11am.
Please contact the agent to discuss 5/7 Brown Street in further detail and arrange your time to view the premise.
*Approx.
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.