3 Stewart Road, CURRUMBIN WATERS QLD 4223
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- Industrial / Warehouse
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- 4 Jan 2017
MUTLI TENANCY AUTOMOTIVE INVESTMENT - 7.5% NET RETURN
Rev up your return with this fully leased multi tenanted investment. This industrial freehold property is securely leased to 5 long term automotive traders on long leases.
Located in gateway position to Currumbin's Industrial precinct on the entrance / exit road to the M1 Motorway this property ticks all the boxes for the astute investor.
- Rental income $87,810 per annum + GST + Outgoings
- All five (5) tenants have signed new 3 + 3 +3 year leases commencing 1st August 2016
- 4% annual increases
- 568sqm building on 1640 sqm industrial block.
- Five automotive tenancies, 4 have been trading from this location for approximately 6 plus years.
- Benchmark position at entrance to Currumbin Waters.
- Property managed by Towers Francis Property for hassle free investment for the incoming purchaser.
- Easy/direct access to M1, north and south bound.
PRICE: $1,170,000 representing 7.5% Return on Investment
For further details and information memorandum contact Exclusive selling agents Towers Francis Property.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
3 Stewart Road CURRUMBIN WATERS