3005 / 27 Garden Street
High Yield Retail Investment Opportunity
Thu 2 Dec
Please contact agent for further details
Tony and Adam Grbcic from Kollosche Commercial, present this ideal tenanted investment opportunity located at 3005/27 Garden Street, Southport for sale via Private Treaty.
Located within the Southport Central Retail precinct and only a short walk from the Light Rail, Australia Fair and Southport business precinct.
The Property comprises;
- Total Area: 134m2*
- 9 Exclusive Parking bays (on title)
The Investment Opportunity includes;
- Tenanted by Yi-Dynasty Korean BBQ Restaurant
- 10 year initial lease term, expiring 30 June 2027
- Current Net Income: $64,320 + GST and Outgoings
- Car parking Income: $12,460 + GST
- Total Income: $76,780 + GST
This property is for sale, seeking offers over $1,100,000 representing a net return of approximately 7% on the purchase price.
For investors financing on a 30% LVR, assuming a 3% interest only investment loan, this opportunity would represent a circa 18% return on capital invested.
For more information, please contact Adam Grbcic from Kollosche.
Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
- Air Conditioning
- Close to Transport
- Close to Shops
- City Views
- Car Parking - Basement
- Disabled Access