This well constructed, prominent location, enjoys an excellent tenant ( pays rent well in advance) who has approximately 2 years left on existing lease and a further 2 x 3 year options.
Land size 129m2 and a building area of 223m2, solid brick and concrete construction.The two floors are separated by a concrete slab.
Tenant pays portion of outgoings with the exception of building insurance, the rent as of the 1/7/2027 will be $700 per week, plus outgoings and gst.
Upside, wealth creation, by strata titling, would make a brillant town house. (STCA)
The existing lease allows for the landlord to resume the first floor upon request, extend the 1st floor entrance to Brisbane St, retain a ground floor area at the rear for a lift. There is rear access, via a laneway.
Under the "Urban Mixed Use"zoning, STCA the first floor could have commercial or residential usage.
A rare chance to acquire a low-maintenance investment in a CBD location.
For further information on this exciting and rare CBD investment, contact Praveen Pant on 0432 256 682 or email praveen.p@businessbrokersnetwork.com.au INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. Please note: All figures quoted are approximate.
Detailed financials and trading history are available under a confidentiality agreement.
Sign the NDA →Detailed financials, trading history, and lease terms are available under a standard confidentiality agreement. Get in touch with the BBNA broker managing this mandate.