FULLY LEASED COMMERCIAL BUILDING ON A 1048m2 ALLOTMENT IN ONE OF THE BUSIEST SUBURBAN RETAIL CENTERS IN ROCKHAMPTON.
$1,950,000
7 Wandal Road, WANDAL
Located in the busy Wandal Shopping Precinct which has a large well established residential catchment area.
This single level Concrete Block Commercial Building has recently been refurbished and presents as brand new . The complex comes complete with 5 Under cover Car Parks plus an open bitumen sealed parking area at the rear of the property.
The complex has 3 tenancies all well established businesses and all with long term leases in place
SHOP 1 - Is leased to CQ Friendly Society Pty Ltd as a Chemist Shop ( CQ Friendly Society operates several chemist shops in the Rockhampton area.
• floor area of this lease is 124m2
• Lease start date is 1/7/2025 Lease end date is 30/6/2030 -Lease term is 5 years plus a 5 year option at the end of this term
• Commencement rent is $33,066.00 per annum plus GST
• Annual CPI Rent review ( Brisbane all groups )
• Outgoings - Tenant pays 33.33% of council Rates and Charges and 33.33 % of building insurance
SHOP 2 - Is leased to House of Frames a photo and painting framing business that has operated at this location for many years
• Lease start date is 1/2/2026 Lease end date is 1/2/2029 -Lease term is 3 years plus a 3 year option at the end of this term
• Commencement rent is $48,147.60 per annum plus GST
• Annual CPI Rent review ( Brisbane all groups )
• Outgoings - Tenant pays Council Rates and Charges
SHOP 3 - Is leased to a well established Hairdresser
• Lease start date is 1/2/2026 Lease end date is 1/2/2029 -Lease term is 3 years plus a 3 year option at the end of this term
• Commencement rent is $21,127.80 per annum plus GST
• Annual CPI Rent review ( Brisbane all groups )
• Outgoings - Tenant pays Council Rates and Charges
This is a secure low maintenance Commercial Investment property with potential capital growth
