This property is being sold as an off-market sale, for further information please contact Michael Kanik.
Sale Price: $250,000 (7.09% nett of rental income)
Address: 4/3460 Pacific Highway, Springwood QLD 4127
Tenant in place just signed a 1 year lease paying $19,500 inc gst ($375 per week) commencing 1 July 2018 ending 30th June 2019 with an option to renew with a 4% increase. Currently tenanted by Allure Health & Beauty. Managed by Ray White Commercial Springwood.
Office size is 60m2 and is currently sectioned off into two areas, with reception room in the front and open plan at the back.
The Property has an EXTREMELY healthy sinking fund of $108,066 and the Administrative Fund is $17,401
Annual Costs are as follows
Rates: $833.61 / qtr
Administration Fund: $624.25 / qtr
Sinking Fund: $434.89 / qyr
The property has excellent exposure and signage to the Pacific Highway and as a business location is perfectly positioned for growth over the coming years here is an article you may find interesting.