Ray White City South
SOLD! SOLD! SOLD!
- Building/Land: 38m² (0.01 acres)
This 38 sqm street front shop is located on the Quay Street level of Prince Centre close to Paddy's Market, University of Technology and Central Station. It's currently leased to a Chinese noodle restaurant/takeaway with an annual rental of $ 45,988 + GST.
According to the lease, the tenant pays for all outgoings and there's an annual CPI increase. The current lease expires on 10 May 2012.
This strata shop is for sale together with a security carspace located on basement level 1. The carspace is currently leased out till 7/10/2010 with an annual rent of 3,600 + GST.
Outgoings (approx. per annum)
QG14 (paid by tenant):
Council rates $1,462
Strata levies $6,775
Water charges and usage $ 3,062
Grease trap and exhaust maintenance $1,422
Carspace lot 88 (paid by owner)
Council rates: $590
Strata levies: $713
Land tax: Nil (subject to single holding basis on a taxable land value of 129,530 for both the shop and the carspace)
Contact: Raymond Hung 0419 223 895 or
38m² / 0.01 acres