Price: $1,500,000
Property Type: Offices
Floor Area: 254 m2
Carports: 9
  • 9 directions_car

Over 10% Net Yield, Long Term Government Tenant, 5 Year X 5 Year Lease, Triple Net Lease, 4% Yearly Increases, Tenant In Place For Almost 10 Years

$1,500,000 NO GST APPLICABLE, GOING CONCERN
*STAMP DUTY ON THIS PURCHASE IS TAX DEDUCTIBLE IMMEDIATELY!!! WE HAVE THE ATO RULING AND CONFIRMATION FROM A MAJOR TAX FIRM THAT THIS PROPERTY MEETS ALL REQUIREMENTS OF SAID RULING.

10% Net Yield, increasing to 10.4% as of March 2018
Current Net Rent = $157,385.15
4% Yearly Increases
Government Tenant
Triple Net Lease, Tenant is Responsible for all Outgoings, Repairs, Maintenance, Insurances & Property Management
5 Year Lease (Completed) with a 5 Year Option (Has been Exercised) 18 Months Remaining
Lease Commenced 9/09/2009
Lease Expires 9/03/2019 (18 Months Remaining as of 9/09/2017
254sqm Office
9 Car Spaces Included
*Depreciation Schedule Included in Sale
($29,000 in Depreciation Deductions for FY17-18)

Tenant has spent over $100,000 on their corporate fit-out and being a Government Tenant, it is of the highest standards and quality with swipe card access and on-site managers present.

The complex and buildings are less than 10 years old with the Government Tenant occupying the property since it's completion in 2009.

Property is located in the Da Vinci Business Park, Brisbane Airport Precinct, Unit 107.3A.

Ground floor Tenancy totalling 254sqm.

Enquire Now for more information and IM.



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