Hyde Park Commerical complex with 8.5% net return
5 Yeatman Street, Hyde Park, QLD 4812
This versatile property is one of a kind in the Hyde Park area.
Extremely well presented, with exposure to Woolcock Street, 5 Yeatman Street includes:
-170m2 of air conditioned offices & showroom;
-150m2 of covered, lockable storage;
-12 tenanted storage units totalling 312m2;
-6 on site car parks, including 3 undercover.
The property is perfectly positioned only 3 minutes from the CBD and with easy access onto either Woolcock Street or Charters Towers Road.
The office, showroom and covered storage area is subject to a 3 + 3 year lease as of August 2019 at $35,496 per annum + GST.
The 12 storage units are leased and returning $50,220 per year + GST.
The property is returning a net income of approx. $71,897 per year + GST.
Contact marketing agents Ray White Commercial for more information.