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3 Stewart Road
Currumbin Waters QLD 4223
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Sold on 28 Oct 2016

3 Stewart Road Currumbin Waters QLD 4223

  • Factory, Warehouse & Industrial
  • 1,640 m²
  • Sold

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.

INVESTMENT DETAIL:

- 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

FEATURES:

- 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.

Property Highlights

Date Sold28 Oct 2016
Floor AreaAsk Agent
Land Area1,640 m²
ParkingAsk Agent
Property ID2012916488
Category
Last updated  4 Jan 2017
Map for 3 Stewart Road Currumbin Waters QLD 4223

Property Highlights

Date Sold28 Oct 2016
Floor AreaAsk Agent
Land Area1,640 m²
ParkingAsk Agent
Property ID2012916488
Category
Last updated  4 Jan 2017

Co-Agents

Chris Towers
Chris Towers
Towers Francis Property
Call
0414 298 292
James Francis
James Francis
Towers Francis Property
Call
0409 904 925

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