1 Parramatta Road Underwood QLD 4119

Modern single level block of 5 showrooms within central Underwood. Situated on the corner of Kingston Road.

Concrete block construction. Some tenancies with RSD's. Dedicated off street parking. Each tenancy with their own dedicated amenities.

Current gross passing income of $169,204 pa. Initial yield on the passing income

Potential Gross income of $206,644 pa. Yield on gross market income of 8.27%

Tenancy 3B is currently vacant and rental for the yield calculation has been imputed at $220/sqm Gross

Net passing rental before Land Tax (single holding basis) of $132,140.85 pa. Net Passing Income (after Land Tax) of $122,020.85 pa, which equates to a net yield of 4.88%.

When analysed on a fully let basis, ($206,644 pa), it reflects a net income of $159,461 pa and a market yield of 6.37%.