Long Term, High Profile Tenanted Investment for Sale | King Street, Buderim
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.
|Tenancy Status||Currently Tenanted|
|Annual Yield (Gross)||N/A (Marketed Without Price)|
|Annual Yield (Nett)||N/A (Marketed Without Price)|
|Title Scheme||Community Title|
|Council/Shire||Sunshine Coast Council|
|Lots in Complex||6|
|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.