Unit 16, 43 Lang Parade,
Milton, QLD 4064

Offices

Key property information

Floor area

Car spaces

Parking info

Tenure type

Sold on

Map of Unit 16, 43 Lang Parade

Directions

Solid Investment with 6 Car Parks

Solid Investment – New 3 year Lease
6 on title car parks
Approx. 1.8kms from CBD

This property is located in the inner-city suburb of Milton, approx. 1.8km from the CBD. The area benefits from direct access to Milton Road, Coronation Drive and all forms of public transport including train, bus and Citycat. The 185sqm office space has a quality fit out, end of trip facilities and has just had a brand-new A/C system installed (Value $13,000.00). The property is tenanted by Bicycles Queensland who have just exercised a three year second term of its lease commencing on 1st June 2021. The property returns approx. $63,982.00 PA Net and is a fantastic investment opportunity. Unit 16 also benefits from 6 dedicated (on title) car spaces which is highly unusual for the area and well above standard car parking ratios. The complex also benefits from a popular Vietnamese café/sandwich bar providing convenient amenity for tenants and guests.

Contact Exclusive Agents FAL Property Group Today.

Milton, 4064 demographic data

The median household income for Milton is $2,087, 13% higher than Greater Brisbane's household income of $1,849. Milton has a younger age profile compared to the rest of Greater Brisbane (median age 30 vs 36). Property ownership data shows 57% of property owners in Milton have a mortgage.

3,144

Population

$2,087 per week

Median household income

30 years

Median age

Renters

Most residents

Families

Most households