Returning $78,000 per annum plus GST plus Outgoings plus a 4% annual rental increase with a firm lease until 12/10/2016 this represents a net return of 8.7% increasing to 11% net in 2015.
Leased to Better Hearing Queensland Pty Ltd, part of the National Network of the Connect Hearing Group,this majestic colonial commercial building with ample off street carparking and ducted airconditioning is set on a large 1618m2 double corner allotment and features magnificent open verandahs,large reception area with ornate decorative archway,3 consulting rooms, 3 procedure rooms,administration office,lunchroom, storeroom,bathroom and disabled facilities including access.
This secure investment property returns $78,000 per annum net plus GST plus Outgoings, with a 4% annual rental increase. The tenant pays for building maintenance including repaint in 2011 and 2016.
A secure,solid investment with returns of almost 50% higher than existing Bank Term Deposit Rates