1/5 Garema Street,
Cannonvale, QLD 4802
Warehouse, Factory & Industrial
Price information
Sold
$170,000
Key property information
Land area
Floor area
Tenure type
Sold on
Map of 1/5 Garema Street
SOLD BY RAY WHITE - Industrial Unit
Unit 1/ 5 is a small industrial unit located in the Blue Bay Industrial Estate Cannonvale.
Unit is 88m2 concrete block construction, with mezzanine and workshop area.
Now Listed for $175,000 as a going concern, the property represents a good opportunity for a entry level investor.
Existing tenant has been in the property for many years and has just signed a fresh 3-year lease plus 2x3 year options to renew.
Summary of lease terms :
• Rental Income $ 1,000 plus GST per month.
• Annual Rental Increases 2.5%
• Recoverable Outgoings payable by the tenant include:
o Rates (approximately $ 1,462.22 per half year)
o Body Corporate Fees (approximately $425 per quarter)
Investment return based on Sales Price of $175,000 is 6.8%.
Contact Brett Dwyer 0447 583 7...
brett.dwyer@raywhite.com
Unit is 88m2 concrete block construction, with mezzanine and workshop area.
Now Listed for $175,000 as a going concern, the property represents a good opportunity for a entry level investor.
Existing tenant has been in the property for many years and has just signed a fresh 3-year lease plus 2x3 year options to renew.
Summary of lease terms :
• Rental Income $ 1,000 plus GST per month.
• Annual Rental Increases 2.5%
• Recoverable Outgoings payable by the tenant include:
o Rates (approximately $ 1,462.22 per half year)
o Body Corporate Fees (approximately $425 per quarter)
Investment return based on Sales Price of $175,000 is 6.8%.
Contact Brett Dwyer 0447 583 7...
brett.dwyer@raywhite.com
Additional information
External websites
Property ID: 503957130Last Updated: 2 Aug 2022
04475837...
1/5 Garema Street
Cannonvale, QLD 4802
Ray White - WhitsundayShop 5, Reef Plaza, 16 Paluma Road
CANNONVALE, QLD 4802
CANNONVALE, QLD 4802
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