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112-118 Musgrave Street
Berserker QLD 4701
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Sold on 18 Nov 2020

112-118 Musgrave Street Berserker QLD 4701

  • Shop & Retail
  • 3,603 m²
  • Sold

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: 2858

* 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.

Phone enquiry code for this property: 2858

Address112-118 Musgrave Street Berserker QLD 4701
ZoningNot provided
CouncilROCKHAMPTON REGIONAL
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Suite 3129, 29/97 Creek Street
Brisbane City, QLD 4000

Property Highlights

Date Sold18 Nov 2020
Floor Area3,603 m²
Land Area3,603 m²
ParkingAsk Agent
Property ID2014878323
Category
Last updated  18 Nov 2020
Map for 112-118 Musgrave Street Berserker QLD 4701
Property Now
Property Now
Suite 3129, 29/97 Creek Street
Brisbane City, QLD 4000

Property Highlights

Date Sold18 Nov 2020
Floor Area3,603 m²
Land Area3,603 m²
ParkingAsk Agent
Property ID2014878323
Category
Last updated  18 Nov 2020

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More about 112-118 Musgrave Street Berserker QLD 4701

112-118 Musgrave Street Berserker QLD 4701 is categorized as Shop & Retail Property. It has a floor area of 3,603 m² and a land area of 3,603 m². The listing ID for this property is 2014878323.

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