Entry Level Tenanted Investment with New 2 Year Lease

$230,000^

1A/100-102 Donald Road

Redland Bay QLD 4165

Retail

FOR SALE

57m2

Ray White Commercial Bayside is pleased to present 1A/100 Donald Road, Redland Bay, For Sale by private treaty.

This hair salon, established in 2017, could be a great addition to your property portfolio. With a newly exercised option for another 2 year lease, this strata titled unit is a great opportunity for entry-level investors.

Features include
- Hairdressing salon on 2 year lease (option exercised, commencing 1 July 2022)
- Long-standing tenant on their third lease term
- 50 car parks with two-thirds undercover
- Complex accommodates a variety of health and retail businesses
- Gross income - $14,970.28 + GST (CPI increase due end of July 2022)
- Rates and Body Corp - $4,919.24

Sale Price - $230,000^

Contact exclusive agent Benn Woods for more details

*Approximately
^As this property is tenanted, the GST going concern provision should apply. Please seek independent financial advice regarding your situation and GST treatment.