$525,000
158 MUSGRAVE STREET, Berserker, QLD 4701
FULLY LEASED - FOUR MODERN BRICK SHOPS, LOCATED ON THE CORNER OF BUSY MUSGRAVE STREET AND BURNETT STREET
These four modern brick shops are located on the corner of Musgrave Street and Burnett Street and provide exposure to a large volume of vehicle traffic. Each shop has a floor area of approx 72m2 and has large glass and aluminium frontages
Shop 1 and Shop 2 are presently leased to CQ Hydrophonics at $1850.00 per month with a lease expiry date of 14/5/ 2024 and there is a 12 month option period at the end of this lease agreement.
Shop 3 is leased to CQ Computers at $1100 per month with a lease end date of 31/5/2025 and there is a 12 month option period at the end of this lease
Shop 4 is leased to Commerce Building Services at $1200 per month on a periodic tenancy ( a new agreement with an expiry date of 20/7/2024 is expected to be signed shortly )
The statutory unimproved land valuation is $195000
The owners advise that Rockhampton Regional Council rates are $8239.60 p/a
Insurance is $1859 p/a.
This is a great investment opportunity returning approx 6.9% net per annum with the potential of improvement and the security of 3 separate tenants.
Shop 1 and Shop 2 are presently leased to CQ Hydrophonics at $1850.00 per month with a lease expiry date of 14/5/ 2024 and there is a 12 month option period at the end of this lease agreement.
Shop 3 is leased to CQ Computers at $1100 per month with a lease end date of 31/5/2025 and there is a 12 month option period at the end of this lease
Shop 4 is leased to Commerce Building Services at $1200 per month on a periodic tenancy ( a new agreement with an expiry date of 20/7/2024 is expected to be signed shortly )
The statutory unimproved land valuation is $195000
The owners advise that Rockhampton Regional Council rates are $8239.60 p/a
Insurance is $1859 p/a.
This is a great investment opportunity returning approx 6.9% net per annum with the potential of improvement and the security of 3 separate tenants.
Property Info
Municipality
Berserker
Kas Woch Real Estate Rockhampton City
3, 33 Archer Street
Rockhampton City, QLD 4700
Tel: 07 4922 3631
Email Us
Kas Woch
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