RETAILS SHOPS IN PRIME LOCATION - TENANTED OR VACANT - PERFECT FOR OWNER OCCUPIER

$1,000,000 (Going Concern)

6/390 Kingston Road

Slacks Creek QLD 4127

Retail

FOR SALE

176m2

• 2 Tenants on one title with short leases in place
• Both Tenants side by side with excellent street frontage and corner position
• Shop 6a 92 sqm - Charcoal Chicken (lease ending 30/04/2024)
• Shop 6a - $25,090.90 PA Gross + GST (Water usage paid by tenant)
• Shop 6b 84 sqm - Dim Sim Kingdom Pty Ltd (lease ending 03/04/2024)
• Shop 6b - $22,909.09 PA Gross + GST (Water usage paid by tenant)
• Current gross income $47,999.99 pa
• Current net income $31,968.35 pa
• Net rental $179 per sqm net
• Opportunity to increase rents significantly upon lease expiry
• Council Rates $4,311.64 pa (water usage $3,632.96 pa* - paid by tenants)
• Total outgoings council rates incl. water $7,758.48 pa*
• Body Corporate fee's $11,720 pa*
• Large retail centre located in the heart of Logan Central
• Pylon signage
• Ample onsite parking for customers
• Prime exposure to Kingston Road and Wembley Road
• Strong population growth in the area and surrounding areas which has increased the demand for retail outlets in the Slacks Creek Business District
• Close to major shopping centres & public transport

(Approx *)