Commercial Office Space with a new 3 Year Lease
Property ID: 18627795
Purchase Price $550K
Net Rent $39,000
Net Return 7% Return
Tenant pays outgoings, capped at $25 / m2
A strong and secure tenant has just signed a new 3+3+3+3 year lease with options to 2029. Better than residential property returns use this 7% Net return to smash your debts and work your way to true wealth creation.
The tenant is an independently owned flooring business that covers a large geographic area in Queensland.
Opportunity to increase the rent in the coming years with a fixed increase of 3% per annum
There is also strong capital investment in the area which includes a new university as well as various other local government and residential projects in the area.
The region is continuing to grow with new housing being built in the area as well as more employment opportunities.
Area of 250 m2
Contact Yujin Yeoh on 0479 191 815 for more details.