A 10 Year Lease with 10% + Net Returns
Property ID: 18595845
Purchase Price $1,795,000
Net Rent $186,600
Net Return 10%+
Property consists of a Hotel Tenant + 3 smaller retailers.
The hotel is currently two years into a 10 year lease with 5 x 5 options and the three retailers having traded within their shop locations for decades.
This commercial space in Queensland is the center of town and has Undergone refurbishments between 2011 and 2015 at a stated cost of approximately $1.2m. The construction is solid brick, is in excellent condition and well maintained.
This hotel also has 3 retail shops as part of the property.
Total Land Area 2,051 m2
Total Floor Area 2,700 m2
Estimated Cash Flow Positive $728 per week*
Contact Matthew Barnes 0430 979 900 for more details.
* Figure is an estimate only based on a 6% interest rate and the purchaser earning more than $87,000 p.a. Figures will vary for each individual's circumstances and you should seek advice from your accountant to obtain accurate figures for your personal circumstances.