4/97 Linton Street Kangaroo Point QLD 4169
- Shop & Retail
- 120 m²
- For Sale, $928,000 @ 6% net yield
Retail / Beauty / Professional Office (119 m2)
- 3 year guaranteed 6% net yield
- polished concrete or wood veneer
- generous fit-out allowance
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 cafe/restaurant, destination retail, professional offices, allied health, pilates or personal trainer.
The Final Fit-Out is under way!
Guaranteed gross rent for 3 years @ $1,150/week rent providing a 6% net yield. Outgoings $34.20 m2.
119 m2 Retail / Professional Office:
- 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
Shop 4 Tenancy optional division: Whole - 119 m2 or easily split into two shops of 59 m2 each (TBD)
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 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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