Ray White City South
Sold! Sold! Sold! Looking to sell? Call Raymond Hung on 0419 223 895.
- Building/Land: 114m² (0.03 acres)
This street front shop is located on Elizabeth Street close to Central Station. It comprises of 2 strata titled shops and 2 security carspaces. It has wide glass shop front (about 10M) along Elizabeth Street with a high 3.7M ceiling in part of the shop.
Pizza Hut has been occupying this property for many years. They have recently renewed the lease for 5 years till Oct 2016 with an option to renew another 5 years.
The current rental is $62,356.56 per annum + GST. In addition, the tenant also pays strata levies (excluding special levies and capital expenses), council rates, water rates and charges.
This is an excellent opportunity for investors looking for an affordable street front retail investment with a stable rental income.
Outgoings (approx. per annum payable by the tenant)
Council rates: $2,227
Water rates and charges: $1,685
Strata levies: $19,520
Raymond Hung 0419 223 895 or 02 9289 8908
114m² / 0.03 acres