1/5 Garema Street Cannonvale QLD 4802

Unit 1/ 5 is a small industrial unit located in the Blue Bay Industrial Estate Cannonvale.

Unit is 88m2 concrete block construction, with mezzanine and workshop area.

Now Listed for $175,000 as a going concern, the property represents a good opportunity for a entry level investor.

Existing tenant has been in the property for many years and has just signed a fresh 3-year lease plus 2x3 year options to renew.

Summary of lease terms :

• Rental Income $ 1,000 plus GST per month.
• Annual Rental Increases 2.5%
• Recoverable Outgoings payable by the tenant include:
o Rates (approximately $ 1,462.22 per half year)
o Body Corporate Fees (approximately $425 per quarter)

Investment return based on Sales Price of $175,000 is 6.8%.

Contact Brett Dwyer 0447 583 759
brett.dwyer@raywhite.com