Lotus, 16 Lotus Street,
Woolloongabba, QLD 4102

This older style service trades and warehouse INVESTMENT property offers a great small twin tenancy investment opportunity. Construction is of Brick, Concrete, Timber, Iron and Fibrous Cement Sheet. There are 3 container height, 6M wide roller doors for access, over 6M clearance internally and good natural light as well as multiple amenities including a shower. The corner tenancy includes approx 80m2 of air conditioned showroom and an office/workshop area of approx 107.5m2 with all amenities.
Air conditioning to offices, 3 WCs + 1 shower, new carpert, paint & fit out. Close to all amenities including public transport and only 1.5klm to the CBD and Southbank.
Tenant 1 - Watts Buses from 1-9-08 x 3 yrs + option @ $56,601.90 net
Tenant 2 - Spencer College from 1-11-09 x 5yrs + option @ $36,465 net

Total income = $93,066.90 net pa - Net yield =7.2%

Watts Busses been at this address for over 40 years & own adjoining building.