7/119-123COLBURN AVE, VICTORIA POINT

Prominently located on Colburn Avenue in the bayside suburb of Victoria Point, this 80m2 strata titled shop/professional suite represents an excellent entry level investment opportunity. The tenancy is a fully fitted out medical practice comprising a front reception/waiting area & adjoining kitchenette, a treatment room, two consulting rooms, a rear storeroom and a separate toilet. Rear access to a large carparking area is also provided. The tenancy includes a number of on site exclusive use car parks.

The complex itself is a two level commercial/retail building of concrete block construction with metal roof. The tenancy is fully air conditioned. Occupied since new (approx 5 years) by a consortium of practicing Doctors, a three month bank guarantee and with Healthcare being an almost recession proof business, this is as healthy an investment as you will find.

Tenant - Redlands Clinic
Nett Rental P.A - $28,000
Commencement - 1st June, 2013
Term - 5 + 5
Reviews - CPI Annually; Review to Market @ Option

(Outgoings Payable by Tenant (Rates & B/Corp) total $6,670 p.a.)

SALE PRICE - $375,000 (Going Concern Applies)