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608 Wickham Street
Fortitude Valley QLD 4006
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Sold on 7 Jul 2021

608 Wickham Street Fortitude Valley QLD 4006

  • Shop & Retail
  • 596 m²
  • Sold

608 Wickham Street, Fortitude Valley

    This quality commercial property investment offers:

    1. Prime 653 m² site with a Brisbane central city location;

    2. Low commercial rents offering substantial future income growth;

    3. Fully refurbished commercial component underwriting 60% of the income;

    4. Ability to also reposition the residential component and further increase income;

    5. Opportunity for future redevelopment to 10 levels (STCA);

    6. A net income stream after all outgoings are paid by the tenants with an ROE in excess of 8% on the vendors asking price;

    7. Cash flow positive from Day 1. Not negative cash flows like most residential investments;

    8. Freehold ownership - No body corporates to deal with. No strata-title. Just you making your own decisions.

    Closing date for offers: Friday June 25 2021

    Contact Stephen today for the DD Pack.

    Property Highlights

    Date Sold7 Jul 2021
    Floor Area596 m²
    Land Area653 m²
    ParkingAsk Agent
    Property ID2017024678
    Category
    Last updated  7 Jul 2021
    Map for 608 Wickham Street Fortitude Valley QLD 4006

    Property Highlights

    Date Sold7 Jul 2021
    Floor Area596 m²
    Land Area653 m²
    ParkingAsk Agent
    Property ID2017024678
    Category
    Last updated  7 Jul 2021

    Co-Agents

    Stephen Kidd
    Stephen Kidd
    RWC (Queensland)
    Call
    0413 550 474
    Elliot Kidd
    Elliot Kidd
    RWC (Queensland)
    Call
    0407 696 738

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