Visit this listing at https://www.sbx.com.au/business?id=TTQN1116

Business Code: TTQN1116

Key Features: Freehold - Investment - Shops - Great Opportunity - T/O $2,972 p.w.

State: QLD

Suburb: Manly West, 4179

Location: Situated near water in residential & commercial area in Brisbane East.

Description

Freehold consisting of 4 separate shops and land package located on prime commercial site. - The asking price covers the land, existing building consisting of 4 shops with separate tenancies. - Rent gross income is $154,548.16 p.a. & net income $148,308.16 p.a. - Review 3% p.a. - All tenants have long new leases and great overall presentation.

Summary

  • Features: Very good long term tenants. - Plenty of regular customer traffic. - Well established. - Great growth potential.
  • Potential: Great potential to get DA for 3 storey commercial & residential building with end value to be $7.5 m.
  • Premises: Commercial property with an area of 809 sq. mts. land & 4 separate shops with individual tenancies.
  • Trading Hours: 7 days
  • Lease:
  • Employees:
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$2,972

Misc1

$120

Net Profit

$2,852

Price

$2,500,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Freehold - Shops - Property

Business Code: TTQN1116
Price: $2,500,000

Key Features: Freehold - Investment - Shops - Great Opportunity - T/O $2,972 p.w.

State: QLD

Suburb: Manly West, 4179

Location: Situated near water in residential & commercial area in Brisbane East.

Description

Freehold consisting of 4 separate shops and land package located on prime commercial site. - The asking price covers the land, existing building consisting of 4 shops with separate tenancies. - Rent gross income is $154,548.16 p.a. & net income $148,308.16 p.a. - Review 3% p.a. - All tenants have long new leases and great overall presentation.

Summary

  • Features: Very good long term tenants. - Plenty of regular customer traffic. - Well established. - Great growth potential.
  • Potential: Great potential to get DA for 3 storey commercial & residential building with end value to be $7.5 m.
  • Premises: Commercial property with an area of 809 sq. mts. land & 4 separate shops with individual tenancies.
  • Trading Hours: 7 days
  • Lease:
  • Employees:
  • Sale Reason: Retired
  • Comments: This is an excellent opportunity to obtain a D.A. for redevelopment of the site, and capitalise on this development with great rental return. -
    Great return on investment and rare opportunity to purchase in a great position. - The owner has retired and very keen to sell - Price is negotiable.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$2,972

Misc1

$120

Net Profit

$2,852

Price

$2,500,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.