16 RAILWAY STREET Stanthorpe QLD 4380

A rare opportunity to purchase a commercial building in a good position is now available. The cavity brick building is divided into 3 shops, each with a floor area of approximately 175sqm. There are 3 long term tenants in place....Stanthorpe Therapeutic Centre, The Pizza Place and the Stanthorpe Laundromat.
Rent for each shop is $900 calendar month, showing a gross return of $32,400p.a.
Currently there are no leases in place, but tenants are keen to negotiate long term leases with the new owner. Yearly gross rates are approximately $5,100.
Listed for sale at $420,000.
INSPECTIONS STRICTLY BY APPOINTMENT.