Location:

13,14&15, 168 , Redland Bay Road, CAPALABA, QLD

Price:

$1,350,000

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INVESTMENT SALE - LONG TERM TENANT ON NEW LEASE

Type: FOR SALE

Property Features
  • Category : Offices, Retail, Industrial/Warehouse
  • Building Area: 920
  • Tenancy: Vacant

Property Description
Units 13, 14 and 15, 168 Redland Bay Road, CapalabaRarely does the opportunity arise to purchase a fully lease commercial investment on Capalaba’s busiest retail/commercial strip. Consisting of three individual titles (1x364m2; 1x 180m2; 1x 376m2) with a total area of 920m2, the property is one of fifteen units in the busy complex. Internal improvements include a reception and office area, open gymnasium, 82m2 mezzanine, self-contained amenities, consulting room, crèche and aerobics room. The tenancy has been operated as a successful gymnasium for over sixteen (16) years and is a known Capalaba landmark. Now offered for sale with a recently signed 5x5 year lease, this represents an excellent, long term property investment.Other features include:• Concrete tilt panel construction• Pylon signage to Redland bay road • Fully Air conditioned • Generous onsite car park The current nett rental is $105,600 on 5+5 year term commencing on the 1/12/2013 with 4% annual reviews CPI Annually; FMV @ Beginning of Option The lessee is responsible for the payment of all outgoings including rates and body corporate fees which total $16,055 P.A + GSTSale Price $1.35 Million
Property Agent

Advert Id:2730

Name:Nathan Moore

Phone: 07 324****

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