Ray White City South
Main street retail investment
- Building/Land: 118m² (0.03 acres)
This strata shop is located on Elizabeth Street close to Cleveland Street junction. It is surrounded by cafes, eateries and is within walking distance to Central Station.
It has a retail area of 118 sqm plus 2 security car spaces and a separate store room on title.
This property has two income streams with a total gross annual income of approximately $69,384 + GST. The main shop is occupied by a floorboard retailer since 2005. A new lease of 3 years plus 2 options of 3 years each has just been executed. The rent is $58,000 + GST per annum.
Part of the shop front is leased to the Commonwealth Bank to accommodate an automatic teller machine. The rent is about $11,384 per annum + GST.
Outgoings (approximate per annum)
Strata Levies $ 4,843
Council rates $ 1,410
Water rates $ 715
Raymond Hung 0419 223 895 or 02 9289 8908
118m² / 0.03 acres