31B Musk Avenue Kelvin Grove QLD 4059
- 89 m²
- For Sale, Please contact agent
Rare entry level/SMSF commercial investment opportunity
Colliers International is pleased to offer 31B Musk Avenue, Kelvin Grove to market for sale via Offers to Purchase.
This stylish, two-tiered café, located beneath a newly constructed, 144-apartment complex within the heart of a bustling university precinct, presents an outstanding entry-level investment opportunity.
The property is tenanted by established boutique specialty café ‘B+C Lab’ on a 3-year lease with a 5-year option.
The key features of this property include:
- Premium entry-level retail investment
- High foot traffic location within the Queensland University of Technology Kelvin Grove campus
- Well established and regarded tenant in the local retail precinct
- Net income of $55,624* per annum (excluding GST and Land Tax if applicable)
- Annual rental increases by CPI
- Tenancy area of 89m²* over 2 levels
- Newly constructed building (2016) meaning minimal capital expenditure and low body corporate fees
31B Musk Avenue, Kelvin Grove is offered for sale via Offers to Purchase.
|Floor Area||89 m²|
|Land Area||Ask Agent|
|Parking||On site parking available|
|Annual Return||Ask Agent|
|Last updated||11 Mar 2019|