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Hyde Park Commerical complex with 8.5% net return

5 Yeatman Street, HYDE PARK QLD, 4812

Sold

Property Sold in 5 Yeatman Street, HYDE PARK QLD, 4812

Listing ID:
11225705
Status:
Sold
Price:
$850,000 showing 8.46% net
Last Updated:
20/01/2020
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Property Type

Showrooms/Bulky Goods/Offices/Industrial/Warehouse
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Land Area

1206 SQM
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Floor Area

632 SQM
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Parking

6

Hyde Park Commerical complex with 8.5% net return

This versatile property is one of a kind in the Hyde Park area.
Extremely well presented, with exposure to Woolcock Street, 5 Yeatman Street includes:

-170m2 of air conditioned offices & showroom;
-150m2 of covered, lockable storage;
-12 tenanted storage units totalling 312m2;
-6 on site car parks, including 3 undercover.

The property is perfectly positioned only 3 minutes from the CBD and with easy access onto either Woolcock Street or Charters Towers Road.

The office, showroom and covered storage area is subject to a 3 + 3 year lease as of August 2019 at $35,496 per annum + GST.

The 12 storage units are leased and returning $50,220 per year + GST.

The property is returning a net income of approx. $71,897 per year + GST.

Contact marketing agents Ray White Commercial for more information.

For more details, please email agent


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