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6.5% NET RETURN - PRIME RETAIL COFFEE SHOP / OFFICE

26/53 Vernon Terrace, TENERIFFE QLD, 4005

Sold

Property Sold in 26/53 Vernon Terrace, TENERIFFE QLD, 4005

SP Commercial

-, Springwood, QLD 4127

Listing ID:
11371828
Status:
Sold
Price:
SOLD!
Last Updated:
03/07/2020
Icon building

Property Type

Retail
Icon square

Land Area

N/A
Icon size

Floor Area

85 SQM
Icon parking

Parking

N/A

6.5% NET RETURN - PRIME RETAIL COFFEE SHOP / OFFICE

- 2 x tenancies Coffee Shop & Executive Offices
- 85m2: Dot's Cafe 15m2 plus Alfresco 50m2
- Prime high traffic Teneriffe hub location
- Solid 5 year head lease Coffee Shop + Offices*
- Ideal growth Super Fund investment
- Net $52,725.09 at 6.5%.
- Includes exclusive use of one car park, additional income $3,152.73

Tenant 1 = Coffee Shop Rent $25,636.36
Tenant 2 = Office "Elixir Services' Rent $32,900.00
Car Park = $3,152.73
Total Net Rent = $52,725.09

* Approx.

Act now to secure this Strategic Strata Investment.

Contact Exclusive Agent
Silvio Bevacqua
0402 410 410
silvio@spcommercial.com.au

For more details, please email agent

SP Commercial

-, Springwood, QLD 4127


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