1&2/124
Pappas
Way
carrara
QLD,
4211
SOLD
Land: 126 sqm
Property: 126 sqm
FREEHOLD PROPERTY
Boasting a rent return of $630 net (approx 7.5% return), this property presents a wonderful opportunity to invest in a positively geared property.
There is a strong lease in place, and a happy tenant currently trading as a thai restaurant. The property is in a popular built up area with a combination of business?s as well as residential.
The previous tenant was there for fifteen years. this one is a great opportunity for great returns and although it is two shops it is currently run as one restaurant with outdoor seating in a corner position.
• Shop 1 is 82 sqm
• Shop 2 is 44 sqm
• Strong lease in place till 30/06/2019 with a five year option
• A net return of just over $32,0000
• With a CPI rent increase on the first of January every year
• Current owner retired
This property is very reasonably priced and the returns certainly beats leaving your money in the bank.
Call Max Gordon on 0403 045 545 for further details or an inspection is by appointment only.
Agents
About carrara
median house price
1160000suburb growth
20.2%median house rent
950suburb rental yield
4.3%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.
