$170,000
1, 5 Garema Street, Cannonvale, QLD 4802
SOLD BY RAY WHITE - Industrial Unit
Unit 1/ 5 is a small industrial unit located in the Blue Bay Industrial Estate Cannonvale.
Unit is 88m2 concrete block construction, with mezzanine and workshop area.
Now Listed for $175,000 as a going concern, the property represents a good opportunity for a entry level investor.
Existing tenant has been in the property for many years and has just signed a fresh 3-year lease plus 2x3 year options to renew.
Summary of lease terms :
• Rental Income $ 1,000 plus GST per month.
• Annual Rental Increases 2.5%
• Recoverable Outgoings payable by the tenant include:
o Rates (approximately $ 1,462.22 per half year)
o Body Corporate Fees (approximately $425 per quarter)
Investment return based on Sales Price of $175,000 is 6.8%.
Contact Brett Dwyer 0447 583 759
[email protected]
Unit is 88m2 concrete block construction, with mezzanine and workshop area.
Now Listed for $175,000 as a going concern, the property represents a good opportunity for a entry level investor.
Existing tenant has been in the property for many years and has just signed a fresh 3-year lease plus 2x3 year options to renew.
Summary of lease terms :
• Rental Income $ 1,000 plus GST per month.
• Annual Rental Increases 2.5%
• Recoverable Outgoings payable by the tenant include:
o Rates (approximately $ 1,462.22 per half year)
o Body Corporate Fees (approximately $425 per quarter)
Investment return based on Sales Price of $175,000 is 6.8%.
Contact Brett Dwyer 0447 583 759
[email protected]
Property Info
Municipality
Cannonvale
Ray White Whitsunday Cannonvale
Shop 5, Building 2B Reef Plaza 14 Paluma Road
Cannonvale, QLD 4802
Tel: +61749488500
Email Us
NEARBY PROPERTIES
Brett Dwyer
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