City Centre 6.5% Net Tenanted Investment - 5 yr Lease to 2023 with 2 x 5 year options!
Split over two levels, 368 Ruthven Street is currently returning a 6.5% Net Yield with only the Ground Floor leased!
Occupying the 1026m2 ground floor tenancy since 2013, the current tenant exercised their 5 year option in 2018 and also added an additional 2 x 5 year options to the lease. This potentially provides a 14 year investment, with annual CPI rental increases and the tenant also paying outgoings.
Situated on the prominent corner location of Ruthven and Russell Street in the Toowoomba CBD, this property has an amazing upside to add to the already enticing lease in place.
The first floor of this property is currently vacant, a huge 713m2 in the centre of Toowoomba. The first level has separate access from the front and side of the property and their own significant amenities as well. The potential to lease the first level and value add to the current net yield of 6.5% is incredible.
If you are looking for a solid investment with a good return and the potential to increase your profits, 368 Ruthven Street is one you must inspect!
Map for 368 Ruthven Street Toowoomba City QLD 4350
Map for 368 Ruthven Street Toowoomba City QLD 4350
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Purchase price
$
2,990,000
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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