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Retail Sold in Buderim, QLDLots 2 & 3, 8 King St

  • Building area 149 sqm

Long Term, High Profile Tenanted Investment for Sale | King Street, Buderim

Property ID 2017530
Emily Pendleton of Ray White Commercial Northern Corridor Group is pleased to present Lots 2 & 3, 8 King Street, Buderim as a tenanted investment for sale by Expressions of Interest.

The property is situated within a high profile, beautifully presented building with with strong visibility in a well-established commercial precinct. The premises forms part of the regions key retail centre with the likes of Century 21, Grant Smith Real Estate & The Coffee Club with ample onsite car parking.

Tenant: McGrath Real Estate Buderim
Operational: 5 years in this location
Lease Commencement: 8/7/2018
Lease Expiry: 7/7/2023
Option: 1 x 5 years
Increases: Fixed 2% increases each year
Current Net Rent: $86,718.00
Outgoings: 100% paid by the tenant

This property is being sold by the way of Expressions of Interest closing on Thursday 7 February 2019 4pm.

For further information or to arrange an inspection please contact Exclusive Marketing Agent Emily Pendleton on 0402 435 446.

Investment data

Key Information
Tenancy Status Currently Tenanted
Annual Yield (Gross) N/A (Marketed Without Price)
Annual Yield (Nett) N/A (Marketed Without Price)
Title Scheme Community Title
Other Information
Year Built 2014
Council/Shire Sunshine Coast Council
Lots in Complex 6
Financial Details
Rental Income (Weekly) $2,031 *
Gross Annual Income $105,902 *
Water Charges (Annually) $1,559
Council Rates (Annually) $5,079
Strata Fees (Annually) $12,316
Other Costs (Annually) $18,955 *
Total Annual Costs $37,910 *
Nett Annual Income $67,991 *

The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.