2/97 Linton Street Kangaroo Point QLD 4169
- Shop & Retail
- 191 m²
- For Sale, $1,408,000 @ 6% net yield
New Gabba Adjacent Retail Shop (191 m2)
- Guaranteed 6% Yield of 3 years
- Professional Paint and Flooring
- Generous Fit-Out Allowance
Positioned on the border of Kangaroo Point and Woolloongabba directly across from the Gabba. The shop is situated below 150 + apartments providing market opportunities for a variety of retail tenancies. It would be an ideal situation for destination retailing, professional offices, allied health, pilates or personal trainer, or restaurant.
Construction is complete with finish fit-out under way! To be completed July 2021.
Guaranteed gross rent for 3 years @ $1,750/week rent providing a 6% net yield. Outgoings are only $34.20 m2.
The tenancy can remain as a whole or be divided into up to three Retail Shops / Professional Offices:
- Contemporary interior with glass façade
- Polished concrete, wood laminate, or carpeted floors
- Split or ducted air conditioning
- 4 metre ceiling (average estimate)
- Shared hotel quality serviced facilities
- Large gas supply
- 8000L grease trap
- Hot and cold water
- Disabled access via lift
Shop 2 Tenancy Split Options:
RETAIL AREA SURVEY:
Shop 2 (whole): 180 m2
Shop 2A - 57 m2: $550/week gross rent or $440,000 sale price
Shop 2B - 57 m2: $550/week gross rent or $440,000 sale price
Shop 2C - 66 m2: $650/week gross rent or $520,000 sale price
Included Fit-Out: There is an allowance for each tenancy (lease or purchase) which includes polished concrete/wood laminate/carpeted floors, painting, air-conditioning, and electrical. The fit-out is generous and most tenants can move into the space comfortably and have very little left to do. Tenants and buyers who commit prior to completion can allocate the fit-out allowance directly to suit.
6% Guaranteed Net Yield for 3 years - A head lease is available for each tenancy with a guarantee on the advertised lease value. The owner will pay for the initial lease commission and advertising costs. If a buyer occupies the tenancy prior to a lease the costs can be deducted from the purchase price.
Please call Merchants Commercial for an immediate inspection.
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