FULLY LEASED - FOUR MODERN BRICK SHOPS, LOCATED ON THE CORNER OF BUSY MUSGRAVE STREET AND BURNETT STREET
$575,000
- 158 MUSGRAVE STREET
BERSERKER
These four modern brick shops are located on the corner of Musgrave Street and Burnett Street and provide exposure to a large volume of vehicle traffic. Each shop has a floor area of approx 72m2 and has large glass and aluminium frontages
Shop 1 and Shop 2 are presently leased to CQ Hydrophonics at $1850.00 per month with a lease expiry date of 14/5/ 2024 and there is a 12 month option period at the end of this lease agreement.
Shop 3 is leased to CQ Computers at $1100 per month with a lease end date of 31/5/2025 and there is a 12 month option period at the end of this lease
Shop 4 is leased to Commerce Building Services at $1200 per month on a periodic tenancy ( a new agreement with an expiry date of 20/7/2024 is expected to be signed shortly )
The statutory unimproved land valuation is $195000
The owners advise that Rockhampton Regional Council rates are $8239.60 p/a
Insurance is $1859 p/a.
This is a great investment opportunity returning approx 6.9% net per annum with the potential of improvement and the security of 3 separate tenants.