Positioned directly on M1 comprising three prominent, multi tenanted buildings on one title, this property is now offered for sale to investors. The property has undergone extensive renovations and presents to a high standard. A significant initial yield, coupled with the potential for further income growth and future capital gain remains.
* Ideal investment with substantial passing income
* Multi-tenant providing Investors with a spread of risk
* Located in the Heart of Mudgeeraba Retail Precinct
* Substantial land area of 3,512 m2
* Superb opportunity to acquire a prime retail/commercial centre in a prominent location
* Strong lease profile provides 24 tenancies with an average lease term of 3 – 5 years.
* Quality tenants including Pizza Capers, Alzheimer’s Australia, Hutchison and Qld Government
* Passing net income of approx. $572,650 p.a.
* Total building net lettable area of 1,591 m2 approx. plus abundant on site car parking
* Net Leases – most tenants contribute to outgoings in addition to rental.
* Only 300 metres to the new on and off ramp to the M1.