Landmark CBD Commercial Property
CBD mixed use property with 4 strata tilted units held in one line and ideal for a future owner occupier or investor.
This attractive building enjoys covered and open air on site parking and excellent signage opportunities.
The ground floor commercial offices are subject to a 5 year lease as of November 2016.
The three upper level apartments with spectacular views of the city and Cleveland Bay make this property ideal for investors or owner/ occupiers. All three units are subject to residential tenancy agreements.
|Tenancy Status||Currently Tenanted|
|Annual Yield (Gross)||N/A (Marketed Without Price)|
|Annual Yield (Nett)||N/A (Marketed Without Price)|
|Title Scheme||Strata Title|
|Council/Shire||Townsville City Council|
|Lots in Complex||4|
|Floor Types||Ceramic Tiles|
|Rental Income (Weekly)||$1,587 *|
|Gross Annual Income||$82,750 *|
|Other Costs (Annually)||$21,897 *|
|Total Annual Costs||$21,897 *|
|Nett Annual Income||$60,853 *|
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.