3/97 Linton Street Kangaroo Point QLD 4169
- Shop & Retail
- 105 m²
- For Sale, $806,000 @ 6% net yield
New Retail Shop / Professional Office (105 m2)
- 6% guaranteed yield for 3 years
- polished concrete or wood veneer floor
- grease trap, hot & cold water, and gas
Positioned on the border of Kangaroo Point and Woolloongabba this retail shop/professional office is conveniently located 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, a professional office, boutique clothing, or a coffee shop.
Construction is complete with the finish fit-out under way! To be completed July 2021.
Guaranteed gross rent for 3 years @ $1,000/week rent providing a 6% net yield. Outgoings are $34.20 m2.
105 m2 Retail Shop or Professional Office: [can be easily split into two 51 m2 shops]
- 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
Included Fit-Out: There is an allowance for each tenancy 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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