Lot 100/12 Sanders Street Upper Mount Gravatt, 4122 QLD

Fully-Leased Investment Property in Upper Mount Gravatt

Queensland Sothebys International Realty is delighted to exclusively offer for sale by Expression of Interest this exceptionally fully-leased investment opportunity encompassing the left side ground floor of the Ivory Residential Apartments.

Located within Upper Mount Gravatt, Ivory is a boutique residential apartment development of 64 units, each of which aims to encapsulate the lifestyle of Upper Mount Gravatt. Upper Mount Gravatt has been described as a mini-CBD suburb of Brisbane featuring premium real estate. This thriving suburb offers you virtually everything you need to enjoy life to the fullest - extremely accessible and supremely self-contained. The Ivory Residential Apartments take centre stage, right at its heart.

* Fully leased retail asset with an estimated net passing income of $89,700p.a.
* Inbuilt rental growth provided via the fixed 3-4% reviews for both retail tenants
* Situated within the immensely popular Upper Mount Gravatt catchment
* Strategically located only 16km south of Brisbane's CBD
* With Coles and Upper Mt Gravatt Shopping Centre right at your doorstep
* Building area: 162 sqm
* Five (5) on title carparks (1) Motorcycle Parking Bay
* Grease trap installed

Tenancy Details:

* Commercial shop 1 at 1/12 Sanders Street, Upper Mount Gravatt
Size: 100 sqm internal + 13 sqm balcony (approximately)
Lessee: MM Beauty Pty Ltd
Lease Term: 5 years
Rent: $60,000 + GST+ 3% CPI increase pa (approximately)

* Commercial shop 2 at A/12 Sanders Street, Upper Mount Gravatt
Size: 54 sqm
Lessee: Sherry's shop
Lease Term: 5 years
Rent: $29,700 + GST + outgoings + 4% CPI increase pa (approximately)

Sold 1328000

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Inspection of this property is available strictly by arrangement only.

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