Lot 1/61 Edward, Brisbane City QLD

For Sale

Retail

$650,000

43m2

This Strata Titled Shop of 43 square metres is located in Edward S, Brisbane City. It is currently leased to March 2021. The current tenant exercised their 3 year option in April 2018. The current rent is under rented and has excellent opportunity for a new owner to increase substantially at the completion of the lease term .
* Lease option term of 3 years commenced 1st April 2018
* 3.5% increase annually
* Lessee pays water charges
* Net Income $39,488 per year
* Selling Price $650,000
* 6% Net yield estimated
Call Tom Chan Sole Agent for further details 0478586131

Phone exclusive agent Tom Chan 0478586131