8% NET RETURN - 8 YEAR LEASE T0 2028. Options to 2038. Cashflow positive from day 1. Business on same property since new in 2010. Strong Tenant.
Phone enquiry code for this property: 9851
* Ideal super fund investment. *Great investment property earning a net return of 8% Net return ($366,060 net rent per year plus GST). Cashflow positive from day 1. CPI increases every year. Outgoings paid by Tenant. * Two adjoining properties included in sale (112-118 Musgrave Street and 54 Charles Street Berserker). Land size is 3,603 square metres. * Leased through to 2028 with two further 5 year options to 2038. * Main dealership property purpose built in 2010. Modern facilities. Adjoining property (54 Charles Street Berserker) purchased in 2017 also forms part of this sale and current lease and has been extensively renovated. * Car dealership complex (Volkswagen and MG) at same location since being built new in 2010. Extremely strong tenant. * Close to Stocklands Shopping Centre and Northside Shopping Centre. * Situated on main road in growth corridor of North Rockhampton with 25,000-30,000 cars passing per day. * 3 huge car showrooms, 16 bay service facility, large enclosed Part storage areas, over 50 outside parking spaces.
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