Hyde Park Commerical complex with 8.5% net return

SOLD

5 Yeatman Street

Hyde Park QLD 4812

Showrooms/Bulky Goods

FOR SALE

632m2

    • Floorplans View Floorplan
This versatile property is one of a kind in the Hyde Park area.
Extremely well presented, with exposure to Woolcock Street, 5 Yeatman Street includes:

-170m2 of air conditioned offices & showroom;
-150m2 of covered, lockable storage;
-12 tenanted storage units totalling 312m2;
-6 on site car parks, including 3 undercover.

The property is perfectly positioned only 3 minutes from the CBD and with easy access onto either Woolcock Street or Charters Towers Road.

The office, showroom and covered storage area is subject to a 3 + 3 year lease as of August 2019 at $35,496 per annum + GST.

The 12 storage units are leased and returning $50,220 per year + GST.

The property is returning a net income of approx. $71,897 per year + GST.

Contact marketing agents Ray White Commercial for more information.