28/40
Captain Cook
agnes water
QLD,
4677
SOLD
Sold for $415,000
Property: 536 sqm
SOLD BY TIM LAWRY
12.7% NET INCOME - LEASED INVESTMENT
TENANTED INVESTMENT
The location is the Ocean Beach Resort Commercial Building
Positioned on the main road form Agnes to Seventeen Seventy
Significant holding for investment or possible owner occupancy
Solid concrete block and suspended slab rendered construction
Lot 28 - 536 sqm Restaurant Bar and Catering Facility
Approved Use - Catering Premises
Current Tenant: Drift and Wood Restaurant
Size 302 sqm internal total 536 sqm including external
INCOMES
Current Rent: $65,500 pa
Sinking $944.46 + $954.99 = $1899.45
Net Income after Sinking fund: NET $63,600.55
Rents to increase 1/7/20 - 30/6/20: NET $77500.00
2 x 5 year options
CPI increase years 2 - 5 on options
LEASE DETAILS
100% Outgoings payable by tenant
Rates $4645.63
Body Corporate Admin and Insurance $9990.18 + $11,057.67 = $21047.85
Total Outgoings payable by the Tenant $24052.88
Total Cost Rent plus Outgoings $87653.43
Total Cost estimate in 2021 $102500
DUE TO COVID 19 REDUCED RENTS MAY APPLY TO THE LEASE
For a full IM contact Gordon Christian today.
Agents
Nearby Schools
About agnes water
median house price
747500suburb growth
1.4%median house rent
640suburb rental yield
4.5%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
