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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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    Property Highlights

    Property ID2014878323
    Date Sold18 Nov 2020
    Floor Area3,603 m²
    Land Area3,603 m²
    ParkingAsk Agent
    Building TypeWhole building
    Category
    Last updated  18 Nov 2020
    Map for 112-118 Musgrave Street Berserker QLD 4701
    Map for 112-118 Musgrave Street Berserker QLD 4701112-118 Musgrave Street Berserker QLD 4701
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

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    Property Highlights

    Property ID2014878323
    Date Sold18 Nov 2020
    Floor Area3,603 m²
    Land Area3,603 m²
    ParkingAsk Agent
    Building TypeWhole building
    Category
    Last updated  18 Nov 2020
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    96 Cobblestone Ave Logan Reserve QLD 4133
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