$795,000

Located on the corner of Denham Street and Quay Lane in the Vibrant Riverside Precinct of the Rockhampton City.
This modern double storey brick Commercial Office Building has an impressive glass and aluminium frontage of approx 10.8m to Denham Street and a frontage
of approx 14m to Quay Lane with roller door access for easy deliveries.
The ground floor has been recently refurbished and is presently leased to a top quality commercial office tenant on a 5 year lease that commenced 6/8/2024 and expires 6/8/2029 and there is a further 5 year option period.
Rental in terms of this lease is $25,000 per annum and the tenant pays 50% of the building out goings.
The modern air conditioned top quality fit out provides a reception area approx 4.4m x 4.6m, Office 1 approx 4.6 x 3.6m, Office 2 approx 3.2 x 2.7 m, office 3 approx 3.2 x 2.7 m, a store room with roller door access, a large work station area and male and female toilets.
The First floor has direct Denham Street access and features A large reception area, Office 1 approx 6m x 5m,Office 2 approx 4m x 3.5m, a work station area approx 6m x 4m, a lunch room with modern cupboards and hot water system, A store room, Gents toilet with hand basin, Ladies toilet with had basin and a small kitchenette with a sink unit.
This first floor area is presently vacant undergoing refurbishment which is almost complete.
This is one of the most visible locations in the central business district.
Relocate your business to the vacant first floor area and enjoy the benefits of the ground floor income or it can be an ideal strong rental return when both areas are rented.
Rockhampton Regional Council Rates are $5422.08 per half year.