5/465 Oxley Drive
Runaway Bay 4216
Sold by Team Grbcic
Fri 11 Aug
Please contact agent for further details
Adam Grbcic and Taylor Jones from Kollosche Commercial are proud to present to the market 5/465 Oxley Drive. This is an excellent investment opportunity within an entry level price range, ideal for investors and Self-Managed Super Funds.
The property is home to a successful beauty salon business that has a solid local following. The property is in the busy Runaway Oasis complex in Oxley Drive, Runaway Bay which is a renowned local area. This is a rare opportunity to obtain a strata-titles investment within the complex.
The property offers the following key attributes:
- Size: 112m2*
- Parking: 2 designated staff & ample visitor parking
- Exposure to the busy Oxley drive and very prominent signage opportunity
The Property is occupied by a long standing tenant, offering the following key investment drivers:
- Tenant: Angelic rose beauty
- Lease Commencement 15 March 2021
- 3-year lease with 1 x 3-year options
- Net income: $46,230.61 + GST per annum
- Outgoings: 100% recoverable
- Reviews: 4% each year and 4% on option renewal
The investment offers substantial value add potential with the upcoming market review suggesting an increase in rental.
The property will be sold at Auction to be held in-rooms at Kollosche headquarters 25th of August at 3pm, bidder registrations will be open from 2:30pm.
Disclaimer: 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.
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
- Close to Transport
- Close to Shops
- Close to Schools
- Council Rates - $3500 per year
- Water Rates - $2100 per year
- Other Outgoings - $5400 per year