FREEHOLD COMMERCIAL PROPERTY
Prime Coastal C.B.D. Location
Tennanted by very successful / working hostel operator
Buoyant business. Runs at 95% + Occupancy!
All approvals and certificates in place
Property consists of a 12 bedroom Queensland style house with swimming pool set on an extremely valuable 1012m2 site with unrestricted river views. The site has huge redevelopment potential for the future as a luxury multi-unit development site!
New 20 year lease 8 1/2% net
Rental return of $57,504 per annum + outgoings
Property Code: 139