158 MUSGRAVE STREET,
Berserker, QLD 4701
Shops & Retail • Offices • Medical & Consulting
Price information
Sale
$575,000
Key property information
Land area
Floor area
Car spaces
Parking info
Property extent
Municipality
Tenure type
Return
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$40,301
Number of Tenants
3 Tenants
Tenants / Type
Retail and Office
Private inspections
to arrange a private inspection.
Map of 158 MUSGRAVE STREET
Train stations within 5 km of 158 MUSGRAVE STREET, Berserker, QLD 4701 Distance Rockhampton 3.1 km POWERED BY HERE ©Bus stops within 5 km of 158 MUSGRAVE STREET, Berserker, QLD 4701 Distance Musgrave St Near Burnett St 100 m Musgrave St Near Edington St 232 m Musgrave St Near Armstrong St 253 m Musgrave St Near Miles St 386 m Musgrave St Near Richmond St 517 m POWERED BY HERE ©
POWERED BY HERE ©
FULLY LEASED - FOUR MODERN BRICK SHOPS, LOCATED ON THE CORNER OF BUSY MUSGRAVE STREET AND BURNETT STREET
- Prime Exposure
- Security of 3 separate tenants
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 Queensland 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 ) This tenant also pays 25% of council rates
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.
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 Queensland 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 ) This tenant also pays 25% of council rates
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.
Property ID: 504352280Last Updated: 2 Mar 2024
04030505...
158 MUSGRAVE STREET
Berserker, QLD 4701
Kas Woch Real Estate - RockhamptonCnr Archer & Denison Street
ROCKHAMPTON CITY, QLD 4700
ROCKHAMPTON CITY, QLD 4700
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