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Investment for Sale with Well Established Tenant on Brand New LeaseProperty ID 1541729Ray White Commercial North Coast Central is pleased to present 1/1 Heidi Street, Kuluin as a tenant investment for sale by Expression of Interest.
The property is situated on the corner of Heidi Street and Indiana Place within a well-established commercial and residential precinct. The premises forms part of the regions key retail centre with the likes of a Child Care Centre, Allied Health Professionals, Convenience Centre and Kuluin McDonald's.
Tenant: Tattoo Studio
Operational: 2 years in location
Lease Commencement: 14/7/2014
Lease Expiry: 13/7/2017
Option: 2 x 3 years
Increases: Fixed 4% increases each year
Current Net Rent: $16,458.48 per annum
Outgoings: 100% paid by the tenant
For further information or to arrange an inspection please contact the Exclusive Marketing Agent.
Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) 6.63%pa * Annual Yield (Nett) 0.06%pa * Title Scheme Strata Title Other Information Council/Shire Sunshine Coast Council Floor Types Ceramic Tiles Financial Details Rental Income (Weekly) $318 * Gross Annual Income $16,581 * Water Charges (Annually) $989 Council Rates (Annually) $2,094 Strata Fees (Annually) $2,181 Other Costs (Annually) $11,148 * Total Annual Costs $16,413 * Nett Annual Income $167 *
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.