FREEHOLD MULTI TENANTED COMMERCIAL INVESTMENT

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1-3 Noel Street

Slacks Creek QLD 4127

Retail

FOR SALE

720m2

• 10 Tenancies within the building
• Current gross income $149,955.37 pa*
• Current net income $116,066.25 pa*
• Outgoings approx. $33,889.12 pa*
• Shop 2 GF - vacant (once leased - $22,200 pa gross + gst)
• Shop 9 1st Floor - vacant (once leased - $14,000 pa gross + gst)
• Projected net income $152,266.25 pa* (once fully leased)
• Projected gross income - $186,155.37 pa* (once fully leased)
• Total net area 720m2*
• Land area 589m2*
• Excellent exposure to Kingston Road
• Secure undercover basement parking
• Walking distance to cafes, restaurants and public transport
• Just minutes to the M1 and major arterial roads

(Breakdown of outgoings)

Council Rates $20,748.52 p.a.
Commom Power $1,600 p.a.
Cleaning Contract $4,752 p.a.
Insurance $6,788.60 p.a.