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Tenanted Office Space with 8.98% Net Yield!!

Property ID: 16841425
Purchase Price $425,000
Net Rent $38,128.70 P.A
Net Return 8.98%

Outgoings (paid by tenant)
Rates $3,011.12
Water $1,576.56
Body Corporate $15,867.96

Recently Signed 3 + 3 + 3 Lease, 4% Fixed Annual Increases

This office space is leased to a tenant operating as a insurance lead generator. The tenants have occupied the space since late 2015 and commenced their lease in July 2016. This office space is located in the CBD of a LGA in Queensland which is one of the country's fastest growing and in demand regions, with a myriad of new infrastructure.

CBD of Local Government Area
Lift Access
159 m2 professional office suite with two car parks
Large enough to potential strata into two offices
Walk to banks, transport and shops
Corner Suite with full wall of windows.

Estimated Cash Flow Positive $128 a week.

Call Yujin Yeoh on 0479 191 815 for more details.

* Figure is an estimate only based on a 5% 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.

Matthew Barnes

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Type: Commercial

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Matthew Barnes

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Type: Commercial